Hyderabad-based Megha Engineering and Infrastructure Limited (MEIL) has taken up a project to build Mongolia’s first Greenfield oil refinery on the outskirts of the capital city, Ulaanbaatar. The project is aimed at reducing the East Asian country’s dependency on Russian oil imports. The company would provide EPC (Engineering, procurement, and construction) services and EPC-3 (captive power plants) for $790 million using advanced technology.
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