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Sinopec Oil Refinery Project

Sector: Oil and Gas • Location: Sri Lanka

Source: France 24

Project
Awarded

Sri Lanka has signed a landmark deal with Chinese state-run oil giant Sinopec to construct a state-of-the-art oil refinery in the southern Hambantota region. This project, which represents Sri Lanka's largest foreign investment to date, will have a capacity of 200,000 barrels and aims to boost the country's foreign exchange earnings through exports.

Status
Closed
Sector
Oil and Gas
Location
Sri Lanka
Updated
22 Jul 2026
Source
France 24

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The project “Sinopec Oil Refinery Project” is an infrastructure initiative in the Oil and Gas sector, located in Sri Lanka. Taiyo aggregates data on it from France 24.

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Status

Original status

Awarded

Taiyo status

Closed

Taiyo last update

2026-07-22

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Description

Description

Sri Lanka has signed a landmark deal with Chinese state-run oil giant Sinopec to construct a state-of-the-art oil refinery in the southern Hambantota region. This project, which represents Sri Lanka's largest foreign investment to date, will have a capacity of 200,000 barrels and aims to boost the country's foreign exchange earnings through exports.

Original sector

Energy

Budget

Location

Country

Sri Lanka

Source

Source

France 24

URL

More Details

Record type

Project

Sector

Oil and Gas

Article published date

2025-01-21

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