Connect with us

News

Sinopec to invest in an oil refinery in Hambantota

Published

on

Sinopec, a Chinese company ranking fifth in the Fortune  Global 500 list of 2022, is planning to invest in a multi-million oil  refinery project in Hambantota, Daily Mirror learns.  

Sinopec, is a state-owned Chinese oil company based in  Beijing. The company is a “vertically integrated energy and chemical  company that is engaged in oil and gas exploration and production.” The  company currently offers bunkering services at the Hambantota port,  which is also a Chinese investment.

A top delegation from the Sinopec Group and the China  Merchants Group visited Sri Lanka recently to explore cooperation and  further investment in petroleum chemicals, trade, and port and  industrial park operation as announced by the Chinese Embassy in  Colombo.  

Negotiations are currently underway between the two sides on the proposed investment.  
Meanwhile, Power and Energy Minister Kanchana Wijesekera  said three global suppliers would enter the domestic retail market to  bring about a healthy competition.  

“Once the National Energy Committee gives its approval, it will be presented to the Cabinet,” he tweeted on Thursday.

 Lanka Indian Oil Company is the only foreign company carrying out retain fuel trade in Sri Lanka at the moment.

(dailymirror)

News

278 prison inmates to be pardoned

Published

on

By

A total of 278 inmates at prisons across the island will be released tomorrow in view of Vesak festival, the Prisons Department said.

Continue Reading

News

Parliament suspended due to lack of quorum

Published

on

By

Parliament sessions were abruptly suspended until June 04 due to a lack of quorum. 

There were less than 20 member present during the time of suspension. 

MP Jagath Samarawickrama was at the Chair.

Continue Reading

News

Notice for students sitting for Grade 5 scholarships

Published

on

By

The Department of Examinations has announced that the 2024 Grade Five Scholarship Examination will be held on September 15 this year.

It adds that applications for the examination will be accepted online from May 27 – June 14, 2024 and acceptance of applications will not be extended beyond the announced period.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved