Prime Minister talks oil exploration with the Indian Ambassador

2017-11-09 18:39 GMT+8

Prime Minister U. Khurelsukh received Ambassador of India, H.E. Dr. T. Suresh Babu on November 8.

The Prime Minister expressed his gratitude for relations between Mongolia and India developing into strategic partnership. He stated that his cabinet will work effectively with the one billion USD soft loan being granted by the Government of India.

As outlined in the soft loan agreement between the two countries, a technical and economic feasibility study has begun for establishing an oil field and pipeline. The two sides also discussed establishing an information technology outsourcing data center.

The Indian Ambassador said that training sessions will be organized for the two projects teams. The Ambassador also noted that a tender offer for establishing the oil field may be announced in the first quarter of 2018.

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