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China's SINOPEC Aiming Sri Lanka's Export-Oriented Refinery
Colombo [Sri Lanka]: SINOPEC, China's second-largest oil and gas producer and the nation's top supplier of oil and petrochemical products has expressed interest in Sri Lanka's export-focused oil refinery. The close ties between the two nations have been exploited to advance China's agenda internationally, thus this action has prompted questions
Output from the Sapugaskanda oil refinery meets 40 percent of Sri Lanka’s demand for refined fuels, while the government imports 60 percent of the refined fuels consumed domesticallyRFP’s have been published. There will be opportunities to supply equipment and services needed for oil and gas exploration projects.
Sapugaskanda Refinery - Wikipedia
The Sapugaskanda Refinery (also referred to as Sapugaskanda Oil Refinery) is the single largest oil refinery of Sri Lanka. The refinery was built in August 1969 by the Ceylon Petroleum Corporation under the guidance of Iran, initially designed to process 38,000 barrels (6,000 m 3) per stream day of Dubai crude oil, and Arabian light crude oil.
Saturday October 21, 2023 10:24 am. ECONOMYNEXT – The tender for Sri Lanka’s proposed $4 billion oil refinery in the investment zone near Chinese built Hambantota port will be awarded within three weeks, a state minister said. China’s Sinopec and Vitol Asia based in Singapore are the two firms shortlisted out of seven companies that
Sinopec to build new refinery at Sri Lanka’s Hambantota Port
The Sri Lankan cabinet has approved a proposal from China’s energy giant Sinopec to establish a new USD4.5 billion petroleum refinery at the strategically located Hambantota Port. This announcement was made by Sri Lanka’s Energy Minister Kanchana Wijesekara, marking a significant milestone in the island nation’s energy sector.
The Ceylon Petroleum Corporation was established by Act No. 28 of 1961 and entered import, distribution and marketing of petroleum products throughout the island. Existing Oil Refinery at Sapugaskanda was commissioned in August 1969 to process 38000 BPSD ( 5200 mt/d ) of Iranian light crude oil. Even though the capacity of crude distiller was
China’s Sinopec secures deal for oil refinery in H’tota – Sri
The Hambantota refinery is expected to refine 100,000 barrels of crude oil daily in its initial phase, with plans for gradual capacity expansion. Sinopec’s substantial investment of US$1.7 billion during the first stage, spanning four years, lays the foundation for anticipated overall investments exceeding US$4.5 billion in the long term.
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. The project is planned to rise in the
