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Wednesday
22 Jan 2025

Sri Lanka, China Agree to Fast-Track Sinopec’s $3.7 Billion Refinery in Hambantota

22 Jan 2025  by economictimes.indiatimes   


Sri Lankan President Anura Kumara Dissanayake with Chinese President Xi Jinping

Sri Lanka's foreign minister said on Wednesday that the island nation has signed an agreement with China to fast-track Sinopec's proposed $3.7 billion refinery in Hambantota.

China's Sinopec and Sri Lanka will work to resolve land, tax and water issues within a month, Foreign Minister Vijitha Herath told reporters.

 

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