Sri Lanka to study feasibility doubling state oil refinery capacity
ECONOMYNEXT – Sri Lanka’s state-run Ceylon Petroleum Corporation has been given the nod to study the feasibility of expanding its refinery capacity to 100,000 barrels per day from the current 40,000 barrels.
CPC now has the capacity to refine up to 40,000 barrels per day which is now 25 percent of the local demand.
A feasibility study done in 2010 is no longer current as technology has changed, a note to cabinet submitted by the minister of petroleum had said.
The Cabinet of Ministers had given the approval for a new feasibility study to determine the scope, technical, operational and financial feasibility of the projects with a ‘focus on several alternative proposals” to expand capacity, the state information office said. (Colombo/Nov04/2020)