Swiss Singapore Overseas Enterprises wins Sri Lanka crude oil deal
Apr 25, 2018 15:48 PM GMT+0530 | 0 Comment(s)
ECONMYNEXT – Swiss Singapore Overseas Enterprises Pte Ltd. has won a Sri Lankan tender to supply seven million barrels of Murban crude oil to the state refiner Ceylon Petroleum Corporation (CPC), the government announced.
A statement said the Cabinet of ministers this week approved a proposal by Petroleum Resources Development Minister Arjuna Ranatunga to award the deal to the Singaporean firm to ensure uninterrupted supply of crude oil to the CPC’s Sapugaskanda refinery.
The long-term contract is to supply crude oil for eight months from 1 April 2018.
(COLOMBO, April 25, 2018)