PSU PRESS RELEASE
Sri Lanka to build 100000 bpd refinery with India IOC
New Delhi: 2016 Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo.
India has been vying for major projects in the island nation where China has secured multi-billion dollar infrastructure projects including a $1.4 billion high-end property development and others ranging from a coal plant to ports.
T.G. Jayasinghe, the head of state-run Ceylon Petroleum Corp (CPC) said the new refinery will be built at the eastern port city of Trincomalee with the aim of exporting fuel.
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