Vice Chairman of China’s Sinopec Group, Lv Lianggong, assured Sri Lanka’s Minister of Foreign Affairs, Vijitha Herath, that construction of the new oil refinery in Hambantota will begin without delay. The pledge came during a meeting held at the ministry in Colombo today.
The proposed project, estimated at USD 3.7 billion, is expected to produce up to 200,000 barrels per day once operational. Lv Lianggong led a 10-member delegation to discuss the project’s progress and unresolved issues related to its implementation.
Lv Lianggong said support from Minister Herath had helped resolve many long-standing challenges. As a result, the project agreement was signed in January. He also outlined remaining concerns that need to be addressed and requested the minister’s intervention to ensure swift resolution, citing the importance of the project to both countries.
Minister Herath agreed to personally intervene to resolve pending issues promptly, highlighting the positive impact of foreign investment on Sri Lanka’s economy. Both parties committed to commencing the project without further delay.
The Sinopec delegation is also scheduled to meet with the Ministry of Power and Energy, the Board of Investment, and other relevant agencies today.
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