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1. www.reuters.com › business › energySri Lanka approves Sinopec's $4.5 billion refinery proposal

   www.reuters.com › business › energy

   Nov 27, 2023 · Sri Lanka on Monday approved a proposal by China's Sinopec to build a $4.5 billion refinery, its energy minister said, making it the largest single investment in the island nation since a...

2. oilprice.com › Energy › Energy-GeneralSinopec Challenges India's Energy Influence with New Sri ...

   oilprice.com › Energy › Energy-General

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   Apr 28, 2024 · Sinopec is now close to completing its feasibility study on whether to build a 160,000-bpd refinery or two 100,000-bpd facilities at the China-run Hambantota port, senior industry sources told...

3. www.reuters.com › markets › commoditiesSri Lanka minister says Sinopec to start work on refinery by ...

   www.reuters.com › markets › commodities

   Mar 28, 2024 · COLOMBO, March 28 (Reuters) - The world's largest refiner, China's Sinopec (600028.SS), plans to start work on a refinery in Sri Lanka by June, the power minister said on Thursday, advancing...

4. www.hydrocarbonprocessing.com › news › 2024Sinopec's $4.5-B refinery in Sri Lanka to challenge India's ...

   www.hydrocarbonprocessing.com › news › 2024

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   Apr 30, 2024 · Sinopec's pivot towards a refinery geared more towards domestic needs, contrary to Sri Lanka's export-oriented preference, intensifies the rivalry with India. Despite India's significant fuel supply role in Sri Lanka, Sinopec's initiative signals a strategic contest for market dominance.

5. www.reuters.com › business › energySri Lanka to OK Sinopec's $4.5 bln refinery proposal on ...

   www.reuters.com › business › energy

   Nov 25, 2023 · Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation's energy minister said on Saturday.

6. www.channelnewsasia.com › business › sri-lankaSri Lanka approves Sinopec's $4.5 billion refinery proposal

   www.channelnewsasia.com › business › sri-lanka

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   Nov 27, 2023 · COLOMBO :Sri Lanka on Monday approved a proposal by China's Sinopec to build a $4.5 billion refinery, its energy minister said, making it the largest single investment in the island nation...

7. People also ask

   Will Sri Lanka approve a Sinopec refinery proposal?

   • COLOMBO, Nov 25 (Reuters) - Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation's energy minister said on Saturday. "It's on the agenda for Monday.

   Sri Lanka to OK Sinopec's $4.5 bln refinery proposal on Monday

   www.reuters.com/business/energy/sri-lanka-ok-sinopecs-45-bln-refinery-proposal-monday-minister-2023-11-25/

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   Does Sinopec have a business in Sri Lanka?

   • The investment will add to Sinopec’s recently started fuel retailing business, the third international company with a foothold in Sri Lanka, with a license to operates 150 petrol stations. In August Sinopec and commodities trader Vitol were shortlisted by the Sri Lankan government to bid for the refinery.

   Sri Lanka to approve Sinopec’s $4.5 billion refinery proposal

   colombogazette.com/2023/11/25/sri-lanka-to-approve-sinopecs-4-5-billion-refinery-proposal/

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   Will Sinopec double its capacity in Colombo?

   • Officials of Sinopec Overseas Investment Holding are visiting Colombo for talks with Sri Lankan authorities. "The officials indicated that the management of Sinopec has decided to double the capacity of the refinery from the original proposal," the minister, Kanchana Wijesekera, wrote on social media platform X.

   Sri Lanka minister says Sinopec to start work on refinery by June

   www.reuters.com/markets/commodities/sri-lanka-minister-says-sinopec-start-work-refinery-by-june-2024-03-28/

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   Will Sinopec's $4.5 billion investment boost Sri Lanka's economy?

   • Sri Lanka, trying to recover from its worst economic crisis in more than 70 years, is hungry for new investment and local fuel supplies. Sinopec's investment of at least $4.5 billion "will go up in value as and when they do additions, but they must first come and sign the agreement for us to give any more details," Wijesekera said.

   Sri Lanka to OK Sinopec's $4.5 bln refinery proposal on Monday

   www.reuters.com/business/energy/sri-lanka-ok-sinopecs-45-bln-refinery-proposal-monday-minister-2023-11-25/

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   Why did Sinopec invest in petrochemicals?

   • The investment by Sinopec, one of the largest producers of petrochemicals, is part of an effort to expand beyond China, in which it has acquired refinery assets in Saudi Arabia and petrochemicals production in Russia. Iran built Sri Lanka's only refinery at Sapugaskanda in the western region in 1969. It can process 38,000 barrels of crude a day.

   Sri Lanka minister says Sinopec to start work on refinery by June

   www.reuters.com/markets/commodities/sri-lanka-minister-says-sinopec-start-work-refinery-by-june-2024-03-28/

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   Who is Sinopec (Sinopec)?

   • "Cabinet approval was granted today to award the contract to China Petroleum & Chemical Corporation (SINOPEC) of China," Minister Kanchana Wijesekera wrote on social media platform X.

   Sri Lanka approves Sinopec's $4.5 billion refinery proposal

   www.reuters.com/business/energy/sri-lanka-approves-sinopecs-45-billion-refinery-proposal-2023-11-27/

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8. colombogazette.com › 2023/11/25 › sri-lanka-toSri Lanka to approve Sinopec’s $4.5 billion refinery proposal

   colombogazette.com › 2023/11/25 › sri-lanka-to

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   Nov 25, 2023 · Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation’s energy minister said on Saturday. “It’s on the agenda for Monday.