Sinopec and Sri Lanka will jointly decide the share of refined fuel that will be exported from the facility

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Sri Lanka agrees with China's Sinopec to fast-track $3.7 billion refinery

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China’s Sinopec has agreed to set up an oil refinery with an investment of $3.7 billion in Hambantota.

The Diplomat

Tokyo

Japan

Sri Lankan President Seals Several Deals in China

ECONOMYNEXT – Sri Lanka has agreed to resolve issues on water, land and tax on a planned 3.7 billion US dollar oil refinery by China’s Sinopec in Hambantota, Foreign Minister Vijitha Herath said. The new administration discussed with China and agreed to fast track the refinery which has been in the works for several years, he said. “We said we are ready,” Minister Herath said in a late night talk show on Sri Lanka’s Derana Television Monday. “Th…

EconomyNext

Sri Lanka to solve tax, water and land issues on China refinery in month

Colombo January 22 2025: Sri Lanka’s foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec (600028.SS) to fast-track a proposed $3.7 billion oil refinery in its southern port city of Hambantota. Sinopec and Sri Lanka will jointly decide the share of refined fuel that will be exported from the facility, Foreign Minister Vijitha Herath told reporters. “This is one of t…

AUGAF

Sri Lanka Agrees with China’s Sinopec to Fast-Track $3.7 Billion Refinery

Sri Lanka’s Foreign Minister has said that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec to fast-track a proposed $3.7 billion oil refinery in the southern port city of Hambantota. Sinopec and Sri Lanka will jointly decide the share of refined fuel that will be exported from the […] The post Sri Lanka Agrees With China’s Sinopec To Fast-Track $3.7 Billion Refinery appeared first on StratNews Global.

stratnewsglobal.com

Sri Lanka Agrees With China's Sinopec To Fast-Track $3.7 Billion Refinery

Sri Lanka (Commonwealth Union)_ President Anura Kumara Dissanayake has concluded a highly successful state visit to the People’s Republic of China, marking a pivotal moment in the longstanding relationship between the two nations. The visit was at the invitation of Chinese President Xi Jinping and is seen as a major step in strengthening Sri Lanka-China bilateral ties across various sectors, including trade, investment, and economic cooperation.…

Sri Lanka agrees with China's Sinopec to fast-track $3.7 billion refinery

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