CHATURANGA PRADEEP SAMARAWICKRAMA Reply To:
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Govt. nod to establish export-oriented oil refinery in Hambantota
The government had approved the establishment of an export-oriented oil refinery and related product processing centre in the Hambantota area.
The decision was announced during the weekly cabinet meeting today. It said that establishing an export-oriented oil refinery will be a high potential aspect for numerous parties and foreign investors who are interested in utilizing the said investment opportunity.
Therefore, the Cabinet Ministers granted approval for the proposal furnished by the Power and Energy Minister.
Accordingly, the ministers had approved that it was their intent to choose an appropriate investor for constructing an oil refinery in the proximity of Hambantota and to call for detailed proposals from investors who meet fundamental qualifications. (Chaturanga Pradeep Samarawickrama)
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