COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel.He also noted that Hambantota has been identified as a primary energy hub.
According to the President's Media Division, he made these comments during a discussion with the representatives of the Sinopec Group held at the President's Office in Colombo on Monday (13).Sinopec has also pledged to invest in a refinery in Hambantota, said the PMD.The representatives informed the Sri Lankan Government that their organization has adhered to the existing system and has applied accordingly.
They further conveyed their readiness to fully finance the construction of a refinery in Hambantota, which has been identified as a central energy hub by the government.Moreover, the representatives stated that their company is prepared to respond to future solicitations that align with the aspirations of the country.
They also presented their proposal to the President who spoke about the import, storage and distribution of petroleum products.Expressing his views, President Ranil Wickremesinghe further stated that Sri Lanka expects rapid development following the program with the International Monetary Fund.