Sri Lanka to OK Sinopec's USD 4.5 billion refinery proposal

Credit: IndiaTimes- Published on November 25, 2023

Sri Lanka is expected to approve a proposal from Sinopec, the Chinese state refiner, to build a $4.5 billion refinery. The investment will mark a breakthrough for Sinopec as it expands beyond China's borders. The refinery will add to Sinopec's recently started fuel retailing business in Sri Lanka, where it operates 150 petrol...

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