• 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.
  • How would a new oil refinery impact Sri Lanka?
  • The most ambitious proposal would involve connecting the tank farm with a proposed new oil refinery at Nagapattinum, India, via an undersea pipeline that could carry some 3.5 million tonnes per annum of oil or petroleum between India and Sri Lanka. This pipeline would have significant consequences for Sri Lanka.
  • When was Ceylon oil refinery built?
  • The refinery was built in August 1969 by the Ceylon Petroleum Corporation under the guidance of Iran, initially designed to process 38,000 barrels (6,000 m 3) per stream day of Dubai crude oil, and Arabian light crude oil. (Medium sour crude oil) It was commissioned on 12 October 1969.
  • When was the Orugodawatta refinery built?
  • A further four crude oil tanks located in the separate Orugodawatta tank farm. The initial survey for the refinery was conducted in 1963. On 9 May 1967, the foundation stone was laid for the refinery. Construction was handled by Snamprogetti, while the facility supervision was handled by UOP LLC.
  • 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.