Sinopec invests in a major oil project in Sri Lanka
Sri Lanka confirms a historic investment with Sinopec. A new refining facility will strengthen the country’s energy balance.
| Countries | Chine, Sri Lanka |
|---|---|
| Companies | Sinopec |
| Sector | Pétrole, Raffinage |
| Theme | Investissements & Transactions, Investissement entreprise |
Sri Lanka has just recorded the largest foreign financial contribution in its recent history. Sinopec is investing 3.7 billion dollars to build a modern oil refinery in Hambantota. Authorities hope to increase export capacity to consolidate the country’s monetary reserves. The project takes shape in a tense economic context, marked by heavy external debt.
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