28 Dec 2017 The Engineers India Limited (EIL) has developed the detailed project report ( DPR) of the refinery while the Mongolian Oil Refinery will work as The cost of the refinery is estimated at $1.35 billion, and it will include a pipeline and its own power plant. The refinery will process Mongolia’s own crude oil, which is now sold to China. Mongolia produced 7.6 million barrels of oil last year, about 21,000 bpd, The refinery will process Mongolia's own crude oil, which is now sold to China. Mongolia produced 7.6 million barrels of oil last year, about 21 Mbpd, amounting to 6 percent of its total export earnings. The country's petroleum industry regulator is expecting its crude oil output to rise over the years prior to the refinery's start-up.