India  
 
NewsR.in

Sri Lanka to OK Sinopec's USD 4.5 billion refinery proposal

IndiaTimes Saturday, 25 November 2023
Sri Lanka is expected to approve a proposal from Sinopec, the Chinese state refiner, to build a $4.5 billion refinery. The investment will mark a breakthrough for Sinopec as it expands beyond China's borders. The refinery will add to Sinopec's recently started fuel retailing business in Sri Lanka, where it operates 150 petrol stations. It may also target markets beyond Sri Lanka and use its partnership with China Merchants Port to expand bunker fuel supply at Hambantota port.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Sri Lanka Crisis | Creditor Nations Agree on Debt Restructuring of the Island Nation | Oneindia News [Video]

Sri Lanka Crisis | Creditor Nations Agree on Debt Restructuring of the Island Nation | Oneindia News

Sri Lanka anticipates significant relief from its economic turmoil. Reports indicate a pending debt-restructuring agreement with creditor nations, pivotal amid the country's $36.6 billion external..

Credit: Oneindia     Duration: 02:07Published
US Funds India's Sri Lankan Port Project to Counter China’s Rising Influence| OneIndia News [Video]

US Funds India's Sri Lankan Port Project to Counter China’s Rising Influence| OneIndia News

Sri Lanka fell into a debt trap with China's $1.26 billion loan for the Hambantota Port in 2007, leading to China's control of the port in 2017. In response, the U.S. plans a $553 million investment in..

Credit: Oneindia     Duration: 03:00Published
India vs Sri Lanka HIGHLIGHTS: India become first team to qualify for World Cup Semis| Oneindia News [Video]

India vs Sri Lanka HIGHLIGHTS: India become first team to qualify for World Cup Semis| Oneindia News

India cruised into the cricket World Cup semifinals, defeating Sri Lanka by 302 runs in Mumbai. Posting a formidable 357/8, India's batting brilliance, led by Kohli, Gill, and Iyer, overwhelmed Sri..

Credit: Oneindia     Duration: 03:42Published