Chinese state-owned oil and gas company Sinopec is to sign an agreement with the Board of Investments (BoI) of Sri Lanka today to conduct a retail fuel business deal in the country.
Earlier, Sinopec signed a contract to enter Sri Lanka’s retail fuel market.
Under the new deal, the Chinese giant will be given a 20-year licence to operate 150 fuel stations and will also be able to invest in 50 new fuel stations.
Sri Lanka Digital Media Network
Submit Your Press Release
Get your company news, announcements, launches, appointments and events in front of a wider audience.
NewsDive
Financial Chronicle
Ceylon Independent
Daily FC
Submit Your Press Release
→
Publish Across Our Network
Sinopec can start operations within 45 days from obtaining the licence, a communiqué from the president’s office said earlier.
courtesy dailymirror
