An oil refinery with a capacity of 10 million tonnes a year is to be built by a Singapore-Oman joint venture in Sri Lanka’s southern Hambantota, close to a deep-water port run by a Chinese firm, according to reports.
The state information office said the Cabinet of Ministers this week approved a proposal for the export-oriented refinery presented by Minister of Development Strategies and International Trade Malik Samarawickrama.
The refinery will be built by a joint venture between Silver Park International (Pvt Ltd.) of Singapore and the Sultanate of Oman’s Oil and Gas Ministry, a statement said.
Read More
- BankDhofar accelerates digital transformation by developing its technical infrastructure using AI
- Bank Muscat launches subscription-based current accounts for Najahi Customers
- Abraj Energy Services achieved the first Local Content Certificate in Oman
- Oman’s banking sector enters a new digital era, reshaping finance, inclusion, and economic growth
- Madayn records cumulative investments of RO 7.8 billion by mid-2025
The Cabinet had approved leasing 400 acre of land in Hambantota to the investors.
