Representatives from the Chinese company – Sinopec today met with President Ranil Wickremesinghe on entering the fuel distribution business in Sri Lanka
The President’s office said “during a discussion with the representatives of the Sinopec Group held at the Presidential Secretariat this morning the President said that the government has taken a principled decision to expand the distribution of fuel..”.
The statement from the President’s office said Hambantota has been identified as a primary energy hub.
Sinopec has also pledged to invest in a refinery in Hambantota, the President’s office said.
"Visiting delegation from Sinopec Group, China met with the President this morning. Intentions of Investments in Petroleum Products Storage, Distribution & Sales, Investments for a new Refinery in Hambantota & other potential energy sector investments was discussed," Power and Energy Minister Kanchana WIjesekara added in a twitter message.
Meanwhile the Chinese Embassy in Colombo in a twitter message said "On Monday (13), Ambassador Qi Zhenhong met with visiting Vice President of China Harbour Engineering Company, a subsidiary of China Communications Construction (60th in 2022 Fortune Global 500) and discussed expediting Port City Colombo and other FDI to help
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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