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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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President attends progress review meeting of Energy Ministry

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President Anura Kumara Dissanayake attended the progress review meeting of the Ministry of Energy this morning (Oct. 15).

President Anura Kumara Dissanayake pointed out that, similar to other countries where the energy sector holds a prominent position, Sri Lanka too has given the energy sector a leading role, and he also mentioned that the Ministry of Energy is one that generates revenue, and with higher earnings, there are societal discussions about possible irregularities.

President Anura Kumara Dissanayake stated that during this Presidential election, the people had voted with expectations, and he is committed to fulfilling that mandate.

President Anura Kumara Dissanayake highlighted that the public has placed their trust in a new political tradition due to dissatisfaction with the old political culture, the economic problems they face, and their dissatisfaction with the performance of the public service.

The President mentioned that the public believes corruption, fraud, and mismanagement are behind the country’s economic collapse, and that the people have given this mandate to prevent these issues. He further stated that he would protect the trust placed in him by the people to stop corruption and fraud across the public sector, and urged public servants to fulfill their responsibilities properly.

The President further stated that public wealth must be protected like religious property, and no one has a legitimate right to subject that wealth to fraud or corruption.

President Anura Kumara Dissanayake stated that the commitment of the current public servants is essential to create an efficient and effective public service that satisfies the citizens, and he is ready to take every step necessary to achieve this.

The President emphasized that public servants must act with responsibility and accountability to fulfill the structure, goals, and expectations of this mandate, and stated that his political leadership team is prepared to provide the necessary leadership for this.

President Anura Kumara Dissanayake further noted that he stands by every public action taken in the public’s interest within the boundaries of official duty and will not hesitate to take necessary action if improper acts are committed.

A detailed and extensive review was conducted regarding the current projects in the energy sector and those scheduled for implementation over the coming years.

Further discussions were held on how to achieve the goals of the energy sector over the next three years, as well as the short-term and long-term relief that could be provided to the public.

Professor Udayanga Hemapala, Secretary of the Ministry of Energy; Dr. Tilak Siyambalapitiya, Chairman of the Ceylon Electricity Board; Engineer K.G.R.F. Comester, General Manager of the Ceylon Electricity Board; and Janaka Rajakaruna, Chairman of the Ceylon Petroleum Corporation and the Ceylon Petroleum Storage Terminals Limited, along with several officials from the Ministry of Energy, participated in this event.

(President’s Media Division)

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Man shot and killed by unidentified gunman in Matara

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A 53-year-old man was shot and killed by an unidentified gunman in the Ruwanwella area, Matara, today (15). 

The victim, traveling in a three-wheeler, was attacked by an assailant who arrived in a car and opened fire using a pistol, according to the police.

Preliminary investigations are ongoing, and while the motive remains unclear, police have noted that the victim had been involved in vehicle seizing. 

Matara Police continue to search for the suspects responsible.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (Oct. 14).

The decisions taken by the Cabinet of Ministers are as follows :

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