21 March 2019 07:25 pm
In light of Oman Oil and Gas Ministry denying being part of a US $ 3.85 billion refinery project in Hmabantota, Sri Lanka’s Board of Investment (BOI) yesterday said that they were aware Oman Oil Company has ‘firm intention’ in taking an equity position in the project.
Oman Oil Company is a petroleum investment company, which is wholly owned by the Omani government.
“…we are aware that Oman Oil Company has registered their firm intention to participate in equity up to 30 percent, subject to reaching agreement between the parties,” BOI said in a brief statement in response to Reuters new story quoting Oman’s Oil and Gas Ministry Undersecretary Salim al-Aufi, who said he was not aware of investments to be made in Sri Lanka.
The BOI further said that they were aware that Oman Trading International was willing to supply the entire feedstock requirement of the project as well as do the marketing for the products, upon reaching mutually agreed terms.
“The investor Silver Park International (Pte) Ltd., has conveyed to the Board of Investment their full confidence in implementing the project,” the statement said.