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Sri Lanka Set to Begin $3.7 Billion Sinopec Refinery Project Amid Push for Greater Fuel Market Access - LNW Lanka News Web
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Sri Lanka Set to Begin $3.7 Billion Sinopec Refinery Project Amid Push for Greater Fuel Market Access - LNW Lanka News Web
Sri Lanka expects Chinese energy giant Sinopec to begin construction on a $3.7 billion oil refinery this year, while negotiations continue over the company’s request for expanded access to the domestic fuel market, Energy Minister Kumara Jayakody said on Tuesday. The refinery, approved in 2023, will be located near the Hambantota port—a Chinese-built and operated facility in southern Sri Lanka—and will have the capacity to process 200,000 barrel…
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