"Of course, there are some delays from the Indian side in delivering the products, but overall, the project is progressing well," he told PTI. "It is crucial for our relations, and we eagerly look forward to its completion." With a USD 1.2 billion line of credit announced by India during Prime Minister Narendra Modi's visit to Mongolia in 2015, the refinery's construction has been delayed by 1.5 years due to COVID-19.