CABINET WANTS TO ISSUE RESOLUTION ON OIL PROCESSING STATE-OWNED COMPANY

Ulaanbaatar, Mongolia, /MONTSAME/ The Cabinet decided Wednesday to issue a resolution on setting up an oil processing industry. As calculations say, the industry, planned in Darkhan-Uul province, will have a capacity of processing some two million ton of oil every year. The cabinet decided not to promise any financial guarantee. The industry is supposed to produce 44 thousand barrels of oil a day. The production will satisfy high quality international standards, be harmless to ecology and people health.

B.Oyundelger