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Sinopec Oil Refinery Project

Sector: Oil and Gas • Location: Sri Lanka

Source: France 24

Project
Planned

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 Hambantota region. This project, with an investment of $3.7 billion, aims to enhance Sri Lanka's foreign exchange earnings and bolster economic growth in the area.

Status
Prospective
Sector
Oil and Gas, Government
Location
Sri Lanka
Updated
22 Jul 2026
Source
France 24

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Project Information

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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.

Participants

Sponsoring Agency

Status

Original status

Planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

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 Hambantota region. This project, with an investment of $3.7 billion, aims to enhance Sri Lanka's foreign exchange earnings and bolster economic growth in the area.

Budget

Location

Country

Sri Lanka

Source

Source

France 24

URL

More Details

Record type

Project

Sector

Oil and Gas, Government

Article published date

2025-01-28

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