Govt. to fast-track $ 3.7 b Sinopec oil refinery | Daily FT
4 days ago · Herath assured that Sri Lanka will benefit from leasing of land, export revenue, machinery and construction of the project. A key development during recent negotiations in China, he said, was Sinopec’s request for an additional 200 acres of land, increasing the total land requirement from 500 acres to 700 acres.
Sinopec and Sri Lanka Sign US $3.7 Billion Agreement for Oil …
Jan 17, 2025 · Chinese energy giant Sinopec has announced plans to establish its first fully controlled overseas oil refinery in Sri Lanka, marking a significant milestone in its global expansion strategy.
Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant
Jan 16, 2025 · Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in the southern Hambantota region, according to the Sri Lanka...
LanKa home - sinopec.com
In May 2023, Sinopec entered the 'Long Term Contract for Importation, Storage, Distribution and Sale of Petroleum Products in Sri Lanka' with Ministry of Power and Energy (MOPE) in Sri Lanka.
Sri Lankan President Seals Several Deals in China
6 days ago · During his visit to China from January 14-17, Sri Lankan President Anura Kumara Dissanayake secured several agreements, including a $3.7 billion deal with Sinopec to set up an oil refinery in ...
Sri Lanka Secures $3.7 Bn FDI With China; SINOPEC To Build State …
Jan 16, 2025 · This landmark deal was formalized with the signing of an agreement between Sri Lanka’s Ministry of Energy and Sinopec, a leading Chinese international petroleum corporation. The $3.7 billion investment will fund the construction of a state-of-the-art oil refinery with a capacity of 200,000 barrels in the Hambantota region.
Company Profile of Sinopec Energy Lanka
Company Profile of Sinopec Energy Lanka. In May 2023, Sinopec entered the 'Long Term Contract for Importation, Storage, Distribution and Sale of Petroleum Products in Sri Lanka' with Ministry of Power and Energy (MOPE) in Sri Lanka.
Sri Lanka approves Sinopec's $4.5 billion refinery proposal
Nov 27, 2023 · Sri Lanka on Monday approved a proposal by China's Sinopec to build a $4.5 billion refinery, its energy minister said, making it the largest single investment in the island nation since a...
Sri Lanka says China's Sinopec to start operations Sept. 20
Aug 15, 2023 · Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power...
Sri Lanka, China agree to fast-track Sinopec's $3.7 billion refinery …
5 days ago · Sri Lanka's foreign minister said on Wednesday that the island nation has signed an agreement with China to fast-track Sinopec's proposed $3.7 billion refinery in Hambantota. China's Sinopec and Sri Lanka will work to resolve land, tax and water issues within a month, Foreign Minister Vijitha Herath told reporters.