Chinese oil giant Sinopec likely to enter Sri Lankan fuel market amid Beijing’s debt-trap

BEIJING: As Sri Lanka continues to remain in the Chinese debt trap, the biggest petrochemical company in China, Sinopec, is likely to start retail operations in the Lankan fuel market, local media said citing sources.

The sources said that Sinopec is likely to enter Sri Lankan market for importing, distributing and selling petroleum products, reported Daily Mirror.

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