An MoU was signed between Engineers India Limited (EIL) and Mongolia for Project Management Consultancy for oil refinery. EIL is a PSU under the Ministry of Petroleum and Natural Gas. The agreement was signed on the sidelines of PETROTECH-2019 event at Greater Noida, UP.
The MoU is for Project Management Consultancy services for construction of an oil refinery plant in Mongolia by EIL. The government of Mongolia is in the process to set-up 1.5 MMTPA greenfield crude oil refinery in Sainshand province, under Line of Credit (LoC) extended by Government of India.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important For NIACL AO Mains Exam:
- Mongolia Capital: Ulaanbaatar, Currency: Mongolian togrog.