2024 hot sale oil refinery machine in Sri Lanka

Sinopec to commence work on Hambantota

  • 2024 hot sale oil refinery machine in Sri Lanka
  • 2024 hot sale oil refinery machine in Sri Lanka
  • 2024 hot sale oil refinery machine in Sri Lanka
  • 2024 hot sale oil refinery machine in Sri Lanka

Sri Lanka approves Sinopec’s $4.5 billion refinery

Sinopec to conduct feasibility study for new

Sri Lanka Cabinet Approves Sinopec Refinery

Sri Lanka to approve Sinopec’s $4.5 billion

  • Will Sinopec build a new refinery in Sri Lanka?
  • Sri Lanka's cabinet has endorsed the awarding of a contract to Sinopec to build a new refinery. Sri Lanka’s cabinet has endorsed the awarding of a contract to China Petroleum & Chemical Corp. (Sinopec) to build a new refinery, the energy minister said.
  • Why did Sinopec open up to foreign fuel sellers in Sri Lanka?
  • The agreement comes after the government opened up to foreign fuel sellers as a solution to local suppliers’ shortage in foreign currency for imports amid an economic crisis in the country. It allows Sinopec’s local subsidiary, Sinopec Fuel Oil Lanka Ltd., to import and sell petroleum products to the Sri Lankan market.
  • Does Sri Lanka own petrochemicals?
  • It owns refinery assets in Saudi Arabia and petrochemicals production in Russia. The Sri Lanka investment follows state-run China Merchant Port Holdings’ 99-year lease at Hambantota port and a $392 million deal to build a logistics and storage hub in Colombo port, Chinese state media reported in April.
  • Does Sinopec have a business in Sri Lanka?
  • The investment will add to Sinopec’s recently started fuel retailing business, the third international company with a foothold in Sri Lanka, with a license to operates 150 petrol stations. In August Sinopec and commodities trader Vitol were shortlisted by the Sri Lankan government to bid for the refinery.

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