Oil Refinery Project
Sector: Power Generation (CCGT) • Location: Sri Lanka
Source: Gateway House Indian Council on Global Relations
An agreement for an oil refinery project under SINOPEC for $3.7 billion has been signed, marking the largest foreign direct investment in Sri Lanka in five decades. This project aims to stabilize Sri Lanka's economy through enhanced energy production.
- Status
- Closed
- Sector
- Power Generation (CCGT), Oil and Gas
- Location
- Sri Lanka
- Updated
- 22 Jul 2026
- Source
- Gateway House Indian Council on Global Relations
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Project Information
Participants
Company |
Status
Original status | Awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | An agreement for an oil refinery project under SINOPEC for $3.7 billion has been signed, marking the largest foreign direct investment in Sri Lanka in five decades. This project aims to stabilize Sri Lanka's economy through enhanced energy production. |
Original sector | Energy |
Budget |
Location
Country | Sri Lanka |
Source
Source | Gateway House Indian Council on Global Relations |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Oil and Gas |
Article published date | 2025-03-10 |
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