Published 11 months ago

US 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.

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Associated Press News

US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka

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

11 months ago·United States

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abc News

US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka

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

11 months ago·United States

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KIFI

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…

11 months ago·Idaho Falls, United States

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Financial Post

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.

11 months ago·Canada

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MY Northwest

US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka

COLOMBO, Sri Lanka (AP) — 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. RM Parks Inc. signed the agreement in collaboration with Shell and will be able to import, distribute and sell petroleum p…

11 months ago·Tacoma, United States

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San Diego Union Tribune

US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka

FILE- Sri Lankan auto rickshaw drivers queue up to buy petrol near a fuel station in Colombo, Sri Lanka, April 13, 2022. 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. (AP Photo/Eranga Jayawarden…

11 months ago·San Diego, United States

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