On October 15, Prime Minister U. Khurelsukh visited Dornogobi Province to observe the ongoing construction of an oil refinery located in Altanshiree soum. The construction of the refinery's infrastructure commenced in June with road, railway, and power line construction now at 40 percent completion. According to officials from Mongolian Oil Refinery, a state-owned company, over 500 people have been working for the project. The oil refinery is estimated to have a 40 year lifespan, as indicated in a preliminary study, and that its production will cover its financing costs within the first ten years of operations.
The National Post /page 2/