US EditionUS company signs agreement to enter retail fuel market in crisis-hit Sri Lanka
- US petroleum company RM Parks Inc. Has signed an agreement with Sri Lanka to import and sell fuel in the country, as the nation faces an energy and economic crisis.
- With the help of Shell, RM Parks Inc. Will import, distribute, and sell petroleum products for 20 years and can sell products through 150 Ceylon Petroleum Corp. Fuel stations, with the ability to invest in 50 new stations.
15 Articles
15 Articles
US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka
A U.S. petroleum company signed an agreement with Sri Lanka on Thursday allowing it to import and sell fuel in the country, less than a month after Chinese petroleum giant Sinopec also acquired rights to enter the retail market, as the Indian Ocean nation grapples with an economic and energy crisis.
US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka
By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — A U.S. petroleum company has signed an agreement with Sri Lanka allowing it to import and sell fuel in the country as the Indian Ocean nation grapples with an economic and energy crisis. RM Parks Inc. signed the agreement in collaboration with Shell and will be able to import, distribute and sell petroleum products for 20 years. The Power and Energy Ministry says the American co…
US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka - WNKY News 40 Television
A U.S. petroleum company has signed an agreement with Sri Lanka allowing it to import and sell fuel in the country as the Indian Ocean nation grapples with an economic and energy crisis. RM Parks Inc. signed the agreement in collaboration with Shell and will be able to import, distribute and sell petroleum products for 20 years. The Power and Energy Ministry says the American company can sell petroleum products through 150 fuel stations currentl…
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