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  • Will China invest $3.7 billion in Hambantota oil refinery?
  • China’s Sinopec has agreed to set up an oil refinery with an investment of $3.7 billion in Hambantota. Sri Lankan President Anura Kumara Dissanayake meets his Chinese counterpart Xi Jinping in Beijing on January 15, 2025.
  • Will Sinopec invest $3.7 billion in a state-of-the-art oil refinery in Sri Lanka?
  • Sinopec, China's state-owned and largest oil refiner, signed an agreement with Sri Lanka's energy ministry to invest $3.7 billion in a state-of-the-art oil refinery with a capacity of 200,000 barrels, Dissanayake's office announced Thursday.
  • Does Sinopec have an oil refinery in Sri Lanka?
  • Chinese energy giant Sinopec has announced plans to establish its first fully controlled overseas oil refinery in Sri Lanka, marking a significant milestone in its global expansion strategy.
  • Does Sri Lanka need a refinery?
  • The Sri Lankan government, however, has maintained its requirements for refinery output. Sinopec’s Hambantota refinery is set to become a cornerstone of Sri Lanka’s energy sector, ensuring greater energy security while providing much-needed foreign exchange.
  • Did Sri Lanka secure its biggest-ever foreign investment after Sinopec deal?
  • Beijing (AFP) – Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. Issued on: 16/01/2025 - 10:13 Modified: 16/01/2025 - 10:22
  • Will Sinopec's Hambantota Refinery be a cornerstone of Sri Lanka's energy sector?
  • Sinopec’s Hambantota refinery is set to become a cornerstone of Sri Lanka’s energy sector, ensuring greater energy security while providing much-needed foreign exchange. For Sinopec, this investment cements its status as a major player in the global energy market, even as domestic challenges in China drive its international expansion.