Cabinet approval was granted today to award licenses to Sinopec, United Petroleum, Australia and RM Parks of USA in a collaboration with Shell PLC to enter the fuel retail market in Sri Lanka, Minister of Power and Energy, Kanchana Wijesekera said.
" Energy Committee & relevant other procurement committees had given their approval & recommendation to award the 3 companies the licenses to operate. The 3 companies will be allocated 150 Dealer operated fuel stations each which are currently operated by CPC. They will be granted a license to operate for 20 years to import, store, distribute and sell petroleum products in Sri Lanka. A further 50 fuel stations at New locations will be established by each selected company.", Minister Wijesekara said in a twitter message.
The Government is finalising a list of names to be posted as heads of Sri Lanka’s missions abroad with ex-Chief Justice Jayantha Jayasuriya assuming the position of Permanent Representative to the United Nations in New York.
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