US$ 14 Bn for second oil refinery in Hambantota: Nalin

3 April 2019 09:16 pm - 7     - {{hitsCtrl.values.hits}}

A A A

Development Strategies and International Trade deputy Minister Nalin Bandara yesterday said that another Singapore Company Sugih Energy International was set to invest US$ 14 billion in the second oil refinery to be started in Hambantota.

He told Parliament that it was even a bigger investment than the proposed investment by the other Singaporean Company.

"The first oil refinery by the Singapore Company had a production capacity of only 200,000 barrels a day but this second Company will have a production capacity of 420,000 barrels a day," he said.

He said this second investor was expected to expand his investment to US$ 24 billion in the second stage on petro-chemical and bi-products as well.

He said 600 acres of land in Hambantota would be provided to the new Company for the investment.

The minister said investors were attracted to Hambantota when they developed it strategically.(Ajith Siriwardana and Yohan Perera)

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 7

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • Sri Wednesday, 03 April 2019 09:28 PM

    My research on the company showed nothing that says they can invest 14 Billion USD.

    Saranga Thursday, 04 April 2019 07:01 AM

    Are you the PR manager? Of course these are subject to many approvals

    Gontaab Thursday, 04 April 2019 07:29 AM

    Why can't government invest and create opportunity for sri lankans

    Sambo Thursday, 04 April 2019 07:39 AM

    Is this a day dream or what. We don't believe what politicians unless its proven .

    Jude Thursday, 04 April 2019 08:19 AM

    Whoa whoa whoa!!! How many refineries going to be built !!??? Huh !! All of a sudden, investors are lining up in bunches to build refineries!!! Am curious, when they going to extract oil in Manar basin!!???

    Unchikun Thursday, 04 April 2019 08:40 AM

    This is good news. We are a poor debt ridden nation and can not cherrypick investors. Do not keep checking pedigrees as most "so called patriots" want. Go ahead and sign an agreement get on with it. We know old refineries are dirty business and that is why we get such offers, specially from companies in Singapore.

    My3 Thursday, 04 April 2019 09:03 AM

    Bond scam money of alloysius coming in various names


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

Doctors blame newborn for gash on her face

A baby born on September 21 at the Wathupitiwala Base Hospital in Gampaha has

Minuwangoda Covid-19 cluster expands

Here’s what we know so far about Sri Lanka’s Covid-19 cluster number 33

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.