<span style="color: #222222;">India has extended 1 billion dollar Line of Credit to Mongolia to set up its first-ever grass-root refinery at Sainshand in Dornogobi Province. <br />''<br />''External Affairs Ministry Spokesperson Raveesh Kumar said, the capacity of the refinery will be 1.5 Million Metric Tons Per Annum and it will be implemented with Exim Bank funding.</span><br />''  <br />