India’s Hyderabad based- Megha Engineering and

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In a major development to lessen Mongolia’s oil imports from Russia, India’s Hyderabad based- Megha Engineering and Infrastructure Limited is all set to build the first greenfield oil refinery in the Capital of the country. The company will build EPC-2 and EPC-3 at a cost of USD 790 million using advanced technology in Mongolia. This refinery will open up a number of employment opportunities, supporting the growth of nearby small industries and thereby leading to Mongolia’s economic development. About Mongolia Capital: Ulaanbaatar     Currency: Mongolian tögrög                 President: Ukhnaagiin Khürelsükh