Speaker attends refinery groundbreaking in Darkhan-Uul
The Government says the refinery will supply most of Mongolia’s domestic fuel needs, decreasing reliance on foreign imports.
Currently, Mongolia is almost wholly dependent on fuel imported from Russia, and if Russia were to raise its petroleum export tax, consumer prices in Mongolia would rise, exacerbating inflation.
That’s why Parliament passed a protocol to build a refinery in Mongolia, stating that it should be constructed in Darkhan-Uul aimag. While in the aimag, D.Demberel also inspected ongoing preparations for winter.
Please note that this article has not been written, is not copyrighted and does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant for information only to readers and does not constitute a legal or biding agreement in any way, shape or form. For contact and comments directly relating to the above article, please refer to the source as stated below.
Source : News.mn
Currently, Mongolia is almost wholly dependent on fuel imported from Russia, and if Russia were to raise its petroleum export tax, consumer prices in Mongolia would rise, exacerbating inflation.
That’s why Parliament passed a protocol to build a refinery in Mongolia, stating that it should be constructed in Darkhan-Uul aimag. While in the aimag, D.Demberel also inspected ongoing preparations for winter.
Please note that this article has not been written, is not copyrighted and does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant for information only to readers and does not constitute a legal or biding agreement in any way, shape or form. For contact and comments directly relating to the above article, please refer to the source as stated below.
Source : News.mn
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