Govt. approves Sapugaskanda refinery expansion to 100,000 barrels per day

11 February 2025 03:28 pm Views - {{hitsCtrl.values.hits}} 4 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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Colombo, Feb 11 (Daily Mirror) - The government has approved the development of the Sapugaskanda oil refinery within its existing premises, increasing its capacity to 100,000 barrels per day under a Build-Operate-Transfer (BOT) model, Cabinet Spokesman Dr. Nalinda Jayatissa said.

He said that although previous Cabinet approval had been granted to establish the refinery as a separate public enterprise from the Ceylon Petroleum Corporation (CPC) and explore a strategic investment partner—along with a potential new refinery in Trincomalee—no progress had been made.

Despite multiple attempts by the CPC to upgrade and modernise the refinery, these efforts have not succeeded. Given the government's energy policy priorities, the modernisation or construction of a new refinery has been deemed essential.

Following a feasibility study conducted in 2022, the CPC board has approved calling for expressions of interest to identify a suitable investment partner.

Comments - 4

Rajkumar Nagarajah Tuesday, 11 February 2025 04:16 PM

Does this mean that the petroleum and petroleum products become less expensive for the country. Any timeline for this project? Thank you

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VOICE FOR THOSE WHO HAVE NO VOICE!! Tuesday, 11 February 2025 09:10 PM

HERE WE GO!!! WHY NOT MAKE IT A PUBLIC COMPANY AND GET OUR OWN WEALTHY CITIZENS AND OR COMPANIES TO INVEST, INSTEAD OF CALLING FOR TENDERS FOR ONE INVESTMENT PARTNER (MEANING OVERSEAS AND WE WILL FIND CHINA ENDS UP HAVING THE LOWEST QUOTE TO COME IN AND GET ITS HANDS ON OUR OIL REFINERY!!! NOOOOOOOO WAY SAY THE MAJORITY!!!

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Ravana Wednesday, 12 February 2025 07:21 AM

Actually, you have a good point there. But who is willing to invest and then get plucked clean if NPP loses in the next election? Especially if you're the minority Will there be a large crowd to back the investor, who is risking to build this country as a nation and not as an individual? Ready to fight for him or her? Upali Wijeyawardana, Lalith Kotelawala. Tarnished and stripped or assassinated This is why we lose to foreigners History repeats

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Man Wednesday, 12 February 2025 07:01 AM

What Ravi Karuna rejected under My3 as a traitor? Good that Mr. Dudley built refinery to be developed.

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