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Saturday January 29th, 2022
Energy

Swiss Singapore Overseas Enterprises wins Sri Lanka crude oil deal

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)
 
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