Oman reaffirms interest in Sri Lanka oil refinery project
May 08, 2019 10:43 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Oman has reaffirmed its commitment to take part in a joint venture for an oil refinery with a capacity of 10 million tonnes a year in Sri Lanka’s southern Hambantota, close to a deep-water port run by a Chinese firm.
The Board of Investment said in a statement that the assurance was given during talks between a Sri Lankan government team and Omani authorities.
The Sri Lankan team comprised Minister of Development Strategies and International Trade Malik Samarawickrama, Petroleum Minister Kabir Hashim and Industries, Commerce Minister Rishad Bathiudeen, and BOI chairman Mangala Yapa.
They held “productive discussions” with Mohammed Hamed Al Ruhmy, Minister of Oil and Gas of Oman, officials of the Oman Oil Company and Orpic, the integrated oil and petrochemical company (Oman Oil Refineries & Petroleum Industries Company) during their recent visit to the Sultanate.
Chairman and senior officials of Silver Park International, Singapore, the main partner in the joint venture, also participated in the discussions.
“The Minister of Oil and Gas and Orpic reiterated their firm interest to partner in this project and proposed to establish a Joint Task Force to finalise details expeditiously,” the BOI statement said.
“The discussions focused on the possible modalities of strategic partnership of Orpic in the proposed greenfield oil refinery to be established in Hambantota, both as an investor and as a strategic partner together with Silver Park International and possible expansion into petrochemicals,” the BOI said.
“Orpic is currently in the final stages of construction and commissioning of a state-of-the art petrochemical complex in Sohar, Oman and the visiting delegation had an opportunity to take part in a familiarisation visit to the complex.”
(COLOMBO, May 08, 2019-SB)