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    Sri Lanka to revamp, double refinery capacity: oil minister

    Sri Lanka's oil import bill plummeted 41 percent in 2015 versus the prior year to $2.7 billion mainly due to the fall in world oil prices, but also because of higher imports of refined oil.

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    Sri Lanka plans to develop its Iranian oil configured refinery

    The government on Sunday said the ministry of development strategies and international trade is discussing investment proposals in Hambantota with foreign investors, including for a second oil refinery. Sri Lanka in 2011 refined more than 60 percent of the total fuel consumed in the country, but now this has come down to around 35 percent

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    Sri Lanka Gives Go-Ahead for $20B Refinery at Port of Hambantota

    In March, the Sri Lankan government green-lighted a proposal to build a smaller, $3.8 billion refinery complex at Hambantota, with backing from the government of Oman and another Singaporean firm....

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    Sri Lanka wins record foreign investment in oil project

    - Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery -- the single largest foreign investment in the country's history. The Board of Investment of Sri Lanka said construction would begin this weekend on the refinery and storage facility jointly financed by Oman 's Ministry of Oil and Gas and a Singapore-registered company.

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    Deal for new Sri Lanka oil refinery will take at least a year

    Deal for new Sri Lanka oil refinery will take at least a year to finalize. An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India's Accord Group, says it is yet to recruit partners and conduct an assessment of the plan's viability.

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    China to set up oil company in Sri Lanka - Newsfirst.lk - Sri

    According to the Sri Lankan government, Singapore registered Silver Park International is one of the main investors for the oil refinery project. Latest News Patali dismisses claims on rift within SJB

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    Deal for New Sri Lanka Oil Refinery Will Take at Least a Year

    NEW DELHI/COLOMBO—An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India's Accord Group, says it is yet to recruit partners and conduct an assessment of the plan's viability.

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    05 new Oil Refineries to be constructed in Sri Lanka

    Colombo (News 1st); The new Minister of Energy Udaya Gammanpila said 05 new Oil Refineries will be constructed in Sri Lanka and the existing Oil Refinery at Sapugaskanda will be modernized.

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    LankaWeb – Sri Lanka in talks with two Chinese firms for $4

    The refinery needs around 500 acres (200ha) of land and we can't reserve the land. Many people try to get the land first and then look for investors. MR MANGALA YAPA, a director of Sri Lanka's state-run Board of Investment, on the process of investing in an oil refinery. REUTERS

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    Sri Lanka Starts Work on Oil Refinery | TankTerminals

    Sri Lanka Starts Work on Oil Refinery 04.01.2019 - NEWS April 1, 2019 [Malaysian Reserve] – Sri Lanka began construction yesterday of a nearly US$4 billion (RM16.26 billion) oil refinery it hopes will revive foreign interest in its shipping facilities after Beijing's takeover of a nearby port spooked international investors.

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    Sri Lanka's Largest FDI Deal: Overseas Firm Of Senior DMK

    Sri Lanka's Largest FDI Deal: Overseas Firm Of Senior DMK Leader To Invest In $1.89 Billion Oil Refinery At Hambantota by Swarajya Staff - Mar 22, 2019 02:13 PM Google Images

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    Sri Lanka opens work on $3.85bn refinery near strategic port

    The oil facility is near the port of Hambantota, which was controversially leased to a Chinese state-owned firm in 2017 for 99 years after Sri Lanka failed to service a loan from Beijing.

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    Sri Lanka to get $3.9B oil refinery next to Chinese-run port

    COLOMBO, Sri Lanka (AP) — A Singapore-based company and the government of Oman have pledged to build a $3.9 billion oil refinery next to a Chinese-controlled port in what will be the largest

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    export.gov

    Oil Refinery and Pipeline: Sri Lanka's only refinery and the main port-to-refinery pipeline are in urgent need of upgrading and expansion. The state-owned Ceylon Petroleum Corporation (CPC), runs the Sapugaskanda refinery and has stated it will invite bids to modernize the existing refinery and to build a new refinery. Although the government has made multiple announcements on building a new

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    Oman Denies It's Part Of $4B Oil Refinery Investment In Sri Lanka

    On Tuesday, Sri Lankan officials told reporters that the oil and gas ministry of the Sultanate of Oman would control 30 percent in the oil refinery project in Sri Lanka, while the majority holder...

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    Sri Lanka in talks with two Chinese firms for $3 billion refinery

    Sri Lanka wants to build a new refinery in its southern Hambantota port, where China Merchants Port Holdings (CMPH) has a 99-year lease to handle commercial operations. Located near the main...

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    Deal for new Sri Lanka oil refinery will take at least a year

    Deal for new Sri Lanka oil refinery will take at least a year to finalize 3/29/2019 An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India's Accord Group, says it is yet to recruit partners and conduct an assessment of the plan's viability.

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    Sri Lanka in talks with two Chinese firms for $3 B refinery

    COLOMBO (Reuters) — Sri Lanka is in talks with two Chinese companies about investing up to $3 B to build in a new refinery at its Chinese-controlled port, a top government official said on Friday. Sri Lanka wants to build a new refinery in its southern Hambantota port, where China Merchants Port Holdings (CMPH) has a 99-yr lease to handle commercial operations.

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    Chinese, Middle East, Russian firms in talks to build

    Sri Lanka has a single, nearly-fifty-year-old 50,000 bpd oil refinery in Colombo suburb Sapugaskanda, built originally to refine Iranian light crude. However, when toughened sanctions were imposed

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    sri lanka oil refinery: Oman oil minister excited to be part

    The India-based Accord Group is the main investor in the refinery project, through a Singapore entity it controls. The project will be Sri Lanka's first new refinery in 52 years after Iran built a 50,000 barrel-per-day refinery near the island's capital city of Colombo to blend Iran light oils.

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    Deal for new oil refinery in Sri Lanka will take at least a

    An agreement to build a proposed $3.85-billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India's Accord Group, says it is yet to recruit partners

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    Exclusive: Deal for new Sri Lanka oil refinery will take at

    NEW DELHI/COLOMBO (Reuters) - An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India's Accord Group, says it...

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    Investing in Sri Lanka - Mauritius Trade Easy - Expanding

    Moreover, in 2019 the Board of Investment of Sri Lanka announced that an overseas joint venture had committed USD 3.85 billion to a new oil refinery, marking the single largest foreign investment in the country's history. The refinery is expected to produce 200,000 barrels a day and to be operational within four years. In early 2021, India's biggest private port operator Adani Ports obtained a

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    Sri Lanka wins record foreign investment in oil project

    Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery -- the single largest foreign investment in the country's history. The Board of Investment of Sri Lanka said construction would begin this weekend on the refinery and storage facility jointly financed by Oman's Ministry of Oil and Gas and a Singapore-registered company. Deputy

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    Group lands $3.85B deal to build Sri Lanka oil refinery

    Group lands $3.85B deal to build Sri Lanka oil refinery 3/19/2019 India's Accord Group and Oman's Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country.

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    Sri Lanka wins record foreign investment in oil project

    Colombo (AFP) Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery -- the single largest foreign investment in the country's history.

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    Exclusive: Deal for new Sri Lanka oil refinery will take at

    NEW DELHI/COLOMBO (Reuters) - An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India's Accord Group, says it

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    Deal for new refinery will take at least a year to finalise

    Reuters: An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalised as its main investor, India's Accord Group, said it is yet to recruit partners and conduct an assessment of the plan's viability. The comments add to confusion about the project, which was a ..

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    INTERVIEW-Chinese, Mideast, Russian firms in talks to build

    * Four investors in discussion for up to $2.7 bln refinery * Sri Lanka needs to upgade from 50-year-old, 50,000 bpd refinery * China, India also in discussion on other refinery proposals. COLOMBO

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