The Sri Lankan government is considering to enter into long term contracts to purchase refined petroleum products with a view to maintaining the petroleum stocks at an optimal level.
The government plans to enter into two term contracts for purchasing refined petroleum products within a period of ten (10) months from the 01st of September 2018 up to the 30th of June 2019.
Minister of Petroleum Resources Development Arjuna Ranatunga has made the proposal to award the procurement contracts for purchasing the petroleum products to Gulf Petrochem FZC of the United Arab Emirates as recommended by the Special Standing Cabinet Appointed Procurement Committee (SSCAPC),
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The Cabinet has granted approval to Minister Ranatunga’s proposal.
