Cabinet has approved a proposal to call for expressions of interest to select suitable financial suppliers/investors for the establishment of a new refinery within the Sapugaskanda oil refinery complex to operate at 100,000 barrels per day capacity.
The new refinery will operate under a build-operate-transfer (BOT) contract.
The board of directors of the Ceylon Petroleum Corporation have given approval to call for expressions of interest to identify a suitable investment partner based on the feasibility study conducted in 2022.
The modernisation of the existing refinery or construction of a new refinery has been identified as a priority by the government.
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.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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