Overview
- Prime Minister N. Uchral visited the Altanshiree site on August 10 and directed ministers and state firms to clear financing, supply and permitting bottlenecks so the refinery can enter service by 2028.
- Construction progress stands at about 60% overall and the 527 km feedstock pipeline is reported more than 90% complete, with equipment deliveries and round‑the‑clock work underway to make up for earlier two‑year delays.
- To prevent shortfalls this month authorities confirmed emergency purchases including a 50,000‑tonne AI‑92 order from Rosneft plus shipments of Euro‑5 and aviation fuel and stepped up distribution to petrol stations.
- The government and partner banks have opened concessional finance for 23 new or expanded storage tanks to raise national reserves from roughly 30 days to a target of 45 days in 2026 and 60 days by next August.
- Planners pair the refinery push with household measures and local empowerment: Ulaanbaatar will sell 100% semi‑coke to homes in the 2026–27 heating season, provinces are getting more fiscal authority under the 'Chölöölye' policy, and student groups still press for confirmed overseas tuition funding by August 15.