The Ceylon Petroleum Corporation (CPC) expects to sign an agreement next month to open a new oil refinery in Hambantota, a senior CPC official told Times Online.
The CPC has already called for Request for Proposals (RFP) from China's Sinopec and Singapore based firm Vitol after evaluating several bidders for the project. One of these company's will be selected to build the new refinery after their RFPs are evaluated.
Once the export-oriented refinery commences operations, it will be capable of producing about 100, 000 barrels of refined products on a daily basis, said the official.
Under the terms of the agreement with the winning bidder, 20% of the products that will be produced through the refinery will be sold in Sri Lanka. Since the barrels are being produced here, freight and insurance taxes will be minimal, meaning that it will be cheaper than Importing fuel, claimed the official.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Acting Attorney General Parinda Ranasinghe, was appointed as the Attorney General of Sri Lanka a short while ago.
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