{"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>&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>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>\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>\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,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[2],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/3583"}],"collection":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/comments?post=3583"}],"version-history":[{"count":0,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/3583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media\/3584"}],"wp:attachment":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media?parent=3583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/categories?post=3583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/tags?post=3583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}