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Last Updated : 2023-11-29 14:01:00
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Wed, 29 Nov 2023 Today's Paper
Sinopec, BOI to sign agreement today
14 July 2023 10:47 am - 0 - {{hitsCtrl.values.hits}}
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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