Sinopec to Begin Work on $3.7b Crude Oil Refinery
Sri Lanka expects Chinese state energy giant Sinopec to start work on a $3.7 billion refinery this year and is considering the company's long-standing demand to sell more fuel locally, the energy minister said on Tuesday.The Sinopec refinery, approved in 2023, will have capacity to process 200,000 barrels of crude oil per day and will be located near the Chinese-built and operated Hambantota port in southern Sri Lanka…
Sri Lanka in Talks with Chinese Firms for $3 Bln Refinery
Sri Lanka is in talks with two Chinese companies about investing up to $3 billion to build in a new refinery at its Chinese-controlled port, a top government official said on Friday. Sri Lanka wants to build a new refinery in its southern Hambantota port, where China Merchants Port Holdings (CMPH) has a 99-year lease to handle commercial operations. Located near the main shipping route from Asia to Europe…
Bunkering To Commence At Magampura Mahinda Rajapaksa Port
Fuel bunkering under the Magampura Mahinda Rajapaksa Port will commence operations by June 15, Sri Lanka Ports Authority (SLPA) Chairman Priyath Bandu Wickrama said. "Bunkering operations will start by June 15 at the newly built fuel bunkering terminal at Magampura Mahinda Rajapaksa Port," Wickrama said. "The terminal, which will provide fuel for ships, has been constructed at a cost of US $95 million in line with the Magampura Port development project.