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Chinese company enters Petroleum import business in Sri Lanka

A Chinese company has been given the long term petroleum supply contract for the first time surpassing other locally registered fuel suppliers, Ceylon Petroleum Corporation (CPC) sources said.      

The Cabinet of Ministers has cleared the path to award three long-term petroleum import bids to PetroChina International and one remaining bid to Swiss Singapore Overseas Enterprises.

Accordingly, PetroChina International, a wholly owned subsidiary of Beijing-based State-owned PetroChina secured the contract to supply approximately 1.12million barrels of diesel (maximum percentage of Sulphur 0.05) to Muthurajawela Single Point Mooring (SPM) owned by Ceylon Petroleum (CPC) during the period starting from 1st of June this year to 31st of January next year.  

PetroChina also secured the contract to supply approximately 1.341 million barrels of petrol (92 Unl) and 0.46 million barrels of petrol (95 Unl) to the country during the same period.

In addition, PetroChina will also be unloading approximately 1.12 million barrels of diesel (maximum percentage of Sulphur 0.05) to Colombo Dolphin Tanker Berth (DTB) and Muthurajawela SPM during the period.

Meanwhile, Swiss Singapore Overseas Enterprises Pte Ltd, a unit of India-based Aditya Birla Group,secured the other remaining bid to supply approximately 2.7 million barrels of Petrol (92 Unl) during the same period.

The relevant resolutions to award these contracts were submitted by the Power Minister in terms of the recommendations of the Special Standing Procurement Committee appointed by the Cabinet of Ministers in relation to the procurement of fuel, according to the Government Information Department.

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