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Sinopec to invest in an oil refinery in Hambantota

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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)

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Cabinet green light to ratify Comprehensive Nuclear-Test-Ban Treaty

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Cabinet approval has been granted to ratify the Comprehensive Nuclear-Test-Ban Treaty and to take the necessary steps for legislation to enforce the provisions of the agreement.

The Comprehensive Nuclear Test Ban Treaty (CTBT) was adopted by the United Nations General Assembly on Sep. 10, 1996. By the treaty, member states agreed to ban “any nuclear weapons test or other nuclear explosion” anywhere in the world. So far, 186 countries have signed the agreement and 177 countries have ratified the agreement.

Sri Lanka signed the Comprehensive Nuclear Test Ban Treaty on October 24, 1996. Sri Lanka is currently cooperating with the Comprehensive Nuclear-Test-Ban Treaty Organization in the areas of training, capacity development, data and information sharing. Sri Lanka’s ratification of the treaty would recognize Sri Lanka’s diplomatic role as an active proponent of international peace and security in a world free of nuclear weapons.

According to the government, ratifying the agreement will also enable the country to obtain useful data for civil and scientific purposes that will benefit many developing countries including Sri Lanka, such as tsunami warnings, climate change and geographical studies.

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Overseas travel ban slapped on Gajendrakumar Ponnambalam

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The Kilinochchi Magistrate’s Court has issued an overseas travel ban on Ahila Ilankai Thamil Congress (AITC) MP – Gajendrakumar Ponnambalam over the recent incident of verbally abusing police officers during a function, police spokesman – SSP Nihal Thalduwa says.

Yesterday, the magistrate ordered to remand the AITC’s main female organizer in the North – East region, over the incident.

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Verdict on petition challenging Diana Gamage’s MP seat, postponed

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The Court of Appeal has deferred the pronouncement of the verdict on the petition filed seeking an order to annul the Parliamentary seat of State Minister Diana Gamage.

Accordingly, the verdict is expected to be pronounced on the 25th of July.

The petition was called this morning before President of the Court of Appeal Justice Nissanka Bandula Karunaratne and Justice A Marikkar.

Court heard arguments pertaining to the petition previously and was expected to announce the verdict today.

The writ petition was filed before the Court of Appeal calling for State Minister Diana Gamage to be stripped of her Parliamentary seat by activist Oshala Herath on the 15th of November 2022.

State Minister Gamage, the Immigration and Emigration Controller, the Minister of Public Security, the General Secretary of the Samagi Jana Balawegaya, the National Election Commission and its members, and the General Secretary of Parliament were cited as respondents in the petition.

(newsradio.lk)

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