Will Sinopec build a new oil refinery in Sri Lanka?
The Sri Lankan cabinet has granted approval for China’s energy giant, Sinopec, to establish a new petroleum refinery plant worth $4.5 billion at the strategically important Hambantota port in the island nation, announced Energy Minister Kanchana Wijesekara on Monday (27 November).
Which is the largest oil refinery in Sri Lanka?
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.
Will Sri Lanka’s new refinery include a product training centre?
Wijesekara highlighted that the new refinery will include an associated products training centre, reports Economic Times. Hambantota, the country’s second-largest port, has been managed as a joint venture between the Sri Lanka Port Authority and China Merchant Ports since 2017, known as the Hambantota International Port Group.
Does Iran own a refinery in Sri Lanka?
The company also owns refinery assets in Saudi Arabia and petrochemicals production in Russia. Iran built Sri Lanka¡¯s only refinery at Sapugaskanda in the west of the country in 1969. The refinery can process 38,000 barrels of oil per day. REUTERS Start and end each day with the latest news stories and analyses delivered straight to your inbox.