The Ministry of Industry has expanded its policy to be adhered to in the industrial sector and submitted the document to Parliament for approval.

The industrial sector's production outline has been elaborated upon and the policy includes plans to build a petroleum refinery.

According to Recommendation #14/06 dated March 17, 2014, the Mongolian National Security Council of Mongolia assigned the Government of Mongolia with establishing a strategically important petroleum refinery to utilize domestic resources.

Government Resolution #113 has since been approved to resolve the issue of establishing a petroleum processing factory. A working group is now moving forward on environmental studies and a preliminary feasibility study for a processing factory to be built in the Gobi region.

The working group has decided to select an advisory company to cooperate with for the preliminary feasibility study and environmental evaluation. Information regarding the selection process is available at www.mi.gov.mn.