Lanka Indian Oil Company (LIOC), in collaboration with the Ceylon Petroleum Corporation (CPC), is set to develop 61 tanks at ...

SINGAPORE: China’s Sinopec plans to raise crude throughput next month by 100,000 to 150,000 barrels per day (bpd) from ...

As China refines its strategy on the Indian Ocean island, it is posing a significant challenge to Japan’s long-held influence ...

The government faces two formidable challenges: balancing Sri Lanka’s relations with China and India and balancing the budget ...

By Uddeepa Peiris The Colombo Stock Exchange's All Share Price Index (ASPI) has reached an unprecedented milestone, ...

Gomi Senadhira “It is easier to fool people than convince them they have been fooled”– Mark Twain The signing of US $3.7 ...

Hot on the heels of signing an agreement with China’s Sinopec for an oil refinery in Hambantota, the government is planning ...

The agreement between Sri Lanka and Sinopec to build an oil refinery in Hambantota had been valued at 3.7 billion US dollars, and not 4.5 billion dollars as claimed by former Minister of Power and ...

Sri Lanka’s Ministry of Energy and Sinopec recently signed a landmark $ 3.7 billion agreement to construct a state-of-the-art oil refinery in the Hambantota region with a capacity of 200,000 barrels ...

Sri Lanka’s foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state ...

Sri Lanka's foreign minister said that the South Asian island nation had signed an agreement with Chinese state energy giant ...

China's Sinopec has asked for 200 acres more land for its planned 3.7 billion dollar refinery expected to be built in ...