OMAN OIL CONSIDERS UP TO 30% STAKE IN SRI LANKAN REFINERY
Posted on March 31st, 2019

Muscat Daily staff writer

MUSCAT – 

Clarifying Oman’s intention to invest and participate in a large oil refinery project in Sri Lanka, H E Dr Mohammed bin Hamad al Rumhi, Minister of Oil and Gas has said that Oman Oil Company is considering the feasibility of participation in the Sril Lankan project.

In a statement to Oman News Agency H E Rumhi said the sultanate, represented by Oman Oil Company, is currently considering the feasibility of participation of up to 30 per cent share of this oil refinery project.

Sri Lanka last week began construction of a nearly US$3.85bn oil refinery, which it hopes will revive foreign interest in its shipping facilities. This refinery project is the single largest foreign investment in Sri Lanka’s history, according to media reports.

The new refinery project will produce 200,000 barrels a day when completed.

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