A contract agreement was signed a short while ago with the Sinopec Fuel Oil Lanka (pvt) Ltd, the President's Media Division said.
Based on the reccomendations made by the Cabinet's special committee, negotiations have been completed with the Sinopec Fuel Oil Lanka (pvt) Ltd and its parent company in China and Singapore, the PMD said.
Thr long-term contract agreement is regarding the importation, storage, distribution and sale of petroleum in Sri Lanka.
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