header logo
Asia asset finance
Mogo Academy
Latest
Cabinet approval for export-oriented oil refinery in Hambantota
Mar 07, 201901:59 PM
Cabinet approval for export-oriented oil refinery in Hambantota

The Cabinet of Ministers has granted its approval to construct a new export-oriented petroleum refinery in Hambantota.

 

It was reported that this petroleum refinery has a capacity of 10 million metric tonnes per annum.

 

A proposal has also been presented to operate joint commercial activities with Silver Park International (Pte) Ltd. and the Ministry of Oil and Gas of the Sultanate of Oman at this refinery.

 

Minister of Development Strategies and International Trade Malik Samarawickrama had made this proposal in order to lease out 400 acres of land, which is required to establish the proposed industrial zone, to the investor.

 

 

 

MostRead
Mobitel Upahara
VideoStories
President’s recent speech made no reference to actual concerns – MP Dilith

President’s recent speech made no reference to actual concerns – MP Dilith

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

Colombo EV Motor Show 2026 officially inaugurated

Colombo EV Motor Show 2026 officially inaugurated

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

Lassana Flora