{"id":3583,"date":"2025-01-16T17:14:14","date_gmt":"2025-01-16T11:44:14","guid":{"rendered":"https:\/\/economictimes.lk\/?p=3583"},"modified":"2025-01-16T17:14:15","modified_gmt":"2025-01-16T11:44:15","slug":"sri-lanka-sinopec-sign-agreement-for-usd-3-7-bln-investment-in-oil-refinery","status":"publish","type":"post","link":"https:\/\/economictimes.lk\/index.php\/2025\/01\/16\/sri-lanka-sinopec-sign-agreement-for-usd-3-7-bln-investment-in-oil-refinery\/","title":{"rendered":"Sri Lanka, Sinopec sign agreement for USD 3.7 bln investment in oil refinery"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">&nbsp;Sri Lanka has signed an agreement with Sinopec, which will see the Chinese international petroleum corporation invest 3.7 billion dollars in a state-of-the-art oil refinery with a capacity of 200,000 barrels, constructed in Hambantota.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A substantial portion of the refinery\u2019s output is planned for export, further enhancing the nation\u2019s foreign exchange earnings, Minister of Transport, Highways, Ports and Civil Aviation Bimal Rathnayake said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis major investment from China is expected to bolster Sri Lanka\u2019s economic growth while uplifting the livelihoods of low-income communities in the Hambantota area.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMoreover, the benefits of this project are anticipated to positively impact the overall Sri Lankan population in the near future.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Sri Lanka has signed an agreement with Sinopec, which will see the Chinese international petroleum&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3584,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"Sri Lanka has signed an agreement with Sinopec, which will see the Chinese international petroleum corporation invest 3.7 billion dollars in a state-of-the-art oil refinery with a capacity of 200,000 barrels, constructed in Hambantota. 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