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Sri Lanka seeks to resolve trade imbalances by expanding oil

In an effort to meet rising energy demand and achieve economic objectives, the state-owned oil company Ceylon Petroleum Corporation (CPC) has

Sri Lanka gets oil refinery, steel plant investments from Singapore

Sri Lanka gets oil refinery, steel plant investments from Singapore Wednesday March 6, 2019 2:49 pm ECONOMYNEXT ?Sri Lanka investment promotion agency has approved investments for a steel manufacturing plant and an oil refinery, Minister of Development Strategies and International Trade Malik Samarawickrama said.

Sri Lanka wins record foreign investment in oil project

Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery -- the single largest foreign investment

Group lands $3.85B deal to build Sri Lanka oil refinery

India Accord Group and Oman Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country.

Sri Lanka Oil and Gas International Trade Administration

Oil Exploration: Petroleum exploration in Sri Lanka began approximately 40 years ago, but the first international licensing round was held in 2007 for three

Sri Lanka shuts only oil refinery to manage forex crisis

Sri Lanka is also attempting to negotiate a $500 million credit line with India to buy fuel and boost reserves, which dropped to $2.27 billion at the end of October. During the first nine...

Sri Lanka to get US$3.9 billion oil refinery next to Chinese-run

The project will be the largest foreign investment ever for the island nation.

Sri Lanka in talks with two Chinese firms for $3 billion refinery

3 Min Read. COLOMBO (Reuters) - 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

‘Investment in Lankan oil plant is at a very preliminary stage’

The proposed refinery near the Hambantota port is the largest foreign direct investment project in Sri Lanka. CHENNAI: Jagathrakshakan S, the senior DMK

Mexico's largest oil refinery opens to fanfare, not yet operational

PARAISO, Mexico, July 1 (Reuters) - Mexican President Andres Manuel Lopez Obrador formally opened a major new oil refinery on Friday, a signature project for the leftist leader who argues...