China’s Sinopec awarded Sri Lanka refinery bid

Colombo: Sinopec, China’s state-owned oil and gas giant, will be awarded the contract to build an oil refinery in the southern port of Hambantota, energy minister Kanchana Wijesekara said on Tuesday.

“There were only two bidders shortlisted and Vitol (of Singapore) pulled out. That leaves only Sinopec and we will finalise an agreement with them in a couple of weeks,” Wijesekera told reporters here.

The investment agreement would soon be entered with Sinopec, Wijesekara said.

However, the Minister made no mention either of the quantum of investment or the capacity of the refinery.