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Sinopec, BOI to sign agreement today

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14 July 2023 10:47 am - 0     - {{hitsCtrl.values.hits}}

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Chinese state-owned oil and gas company Sinopec is to sign an agreement with the Board of Investments (BoI) of Sri Lanka today to conduct a retail fuel business deal in the country.

Earlier, Sinopec signed a contract to enter Sri Lanka's retail fuel market.

Under the new deal, the Chinese giant will be given a 20-year licence to operate 150 fuel stations and will also be able to invest in 50 new fuel stations. 

Sinopec can start operations within 45 days from obtaining the licence, a communiqué from the president's office said earlier. 


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

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