Aug 28, 2022

24 countries interested in petroleum business in SL

The next few months requires Sri Lanka to spend 2Bn USD to import fuel and as a solution to this problem, it has been decided to allow foreign companies to conduct retail sales of petroleum in Sri Lanka. The number of filling stations allocated for this would be between 500-700.

Accordingly, 24 companies from UAE, Saudi Arabia, USA, China, India, Russia, UK, Malaysia, Norway and the Philippines have submitted Expressions of Interest, said Minister of Power & Energy Kanchana Wijesekera.

China's Sinopec and UK's Shell Co are among these companies.

Reports say 4 companies will be selected from the EOIs.

The proposal calls for the companies to import and supply petroleum and for CEYPETCO to handle the distribution.

Minister Kanchana Wijesekera's tweet in this regard is below:

Kanchana Tweet 22 08 28

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