Mongolia getting ready for local oil22 Aug 2019 15:28
It has been recently reported that a construction of railroad between Sainshand city of Dornogobi aimag and Altanshiree soum has completed. Last weekend, the first passenger train ran on the newly-commissioned 27,7 km long railway. The railroad was built to reach Altanshiree soum, where the first oil refinery of Mongolia with a capacity of 1.5 million tons per year is currently being developed.
The railway, with 1520 mm track gauge and capacity of 1.53 million tons of freight, is chartered for transportation of heavy-duty equipment and construction materials for the oil refinery, which is being built within the framework of the cooperation between Mongolia and India by an Indian soft loan of 1 billion USD. The construction of the oil refinery is planned to finalize by 2022.