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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...

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

     Sri Lanka will likely approve on Monday a proposal from...

2. 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,...

3. www.todayonline.com › world › sri-lanka-ok-sinopecsSri Lanka to OK Sinopec's US$4.5 billion refinery ... - TODAY

   www.todayonline.com › world › sri-lanka-ok-sinopecs

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

4. www.rigzone.com › news › sri_lanka_cabinet_approvesSri Lanka Cabinet Approves Sinopec Refinery Project: Official

   www.rigzone.com › news › sri_lanka_cabinet_approves

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   Nov 29, 2023 · Sri Lanka’s cabinet has endorsed the awarding of a contract to China Petroleum & Chemical Corp. (Sinopec) to build a new refinery, the energy minister said.

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.newswire.lk › 2023/11/27 › sri-lanka-approvesSri Lanka approves Sinopec’s $4.5 billion refinery proposal

   www.newswire.lk › 2023/11/27 › sri-lanka-approves

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   Nov 27, 2023 · Sri Lanka approved a proposal by China’s Sinopec to build a $4.5 billion refinery, making it the largest single investment in the island nation since a crippling economic crisis last year.

7. People also ask

   Will Sinopec build a $4.5 billion refinery in Sri Lanka?

   • REUTERS/Chris Helgren Purchase Licensing Rights COLOMBO, Nov 27 (Reuters) - Sri Lanka on Monday approved a proposal by China's Sinopec (600028.SS) to build a $4.5 billion refinery, its energy minister said, making it the largest single investment in the island nation since a crippling economic crisis last year.

   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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   When will Sinopec start operations in Sri Lanka?

   • “Sinopec, along with its affiliated companies, is set to commence operations in Sri Lanka within 45 days following the issuance of the license”, the office of President Ranil Wickremesinghe said in a press release May 22.

   Sri Lanka Cabinet Approves Sinopec Refinery Project: Official

   www.rigzone.com/news/sri_lanka_cabinet_approves_sinopec_refinery_project_official-29-nov-2023-174873-article/

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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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   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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   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. www.todayonline.com › world › sri-lanka-approvesSri Lanka approves Sinopec's US$4.5 billion refinery ... - TODAY

   www.todayonline.com › world › sri-lanka-approves

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   Nov 27, 2023 · For Sinopec, the world's top refiner by capacity and one of the largest petrochemicals producers, the investment would mark a breakthrough in a long effort to expand beyond China's borders.