Page 121 - Sinopec News Today

Heavily reliant on energy imports, Bangladesh is grappling with power cuts resulting from a fuel shortage that have badly hurt its exports-oriented garments industry.

In a significant move to address Sri Lanka’s fuel supply challenges, a contract agreement was signed with Sinopec, a leading international petroleum company. The agreement, signed today (22), marks a crucial step in ensuring a steady and uninterrupted fuel supply for the nation. The signing ceremony took place at the Presidential Secretariat, with representatives from...

Cash-strapped Sri Lanka signed a deal on Monday allowing a Chinese company to enter the islands domestic fuel market in competition with an Indian oil firm and a local state-owned retailer.

Sri Lanka inked a deal with China's Sinopec to secure fuel supply, a business that was jointly operated by the state-run Ceylon Petroleum Corporation (CPC) and India's Lanka Indian Oil Company (LIOC).According to the agreement, Sinopec will ...

By Easwaran Rutnam In a significant move to address Sri Lanka's fuel supply challenges, a contract agreement has been signed with Sinopec, a leading international petroleum company, the President's Media Division (PMD) said. The PMD said that the agreement, signed today (22), marks a crucial s

The signing of an agreement with Sinopec, a leading international petroleum company, ensuring a stable and continuous supply of fuel for Sri Lanka took place this morning (22) at the President's Office. Secretary of the Ministry of Power and Energy Mapa Pathirana and Chen Chengmim, Managing Direc

Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter into it’s retail fuel market as the crisis-stricken Indian ocean island nation struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval. The contract agreement would enable Sinopec to import, store, distribute and sell petroleum products in Sri Lanka, which has been facing a fuel shortage for more than a year. The move comes as Beijing looks to consolidate investments in Sri Lank...

BEIJING, May 22, 2023 /CNW/ -- China Petroleum & Chemical Corporation has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for... | May 22, 2023

The agreement makes China's Sinopec the first newcomer in the Sri Lankan market in 20 years

DHAKA (Reuters) - Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters reviewed by Reuters show, with the state petroleum company owing more than $300 million as it faces an "alarming decrease in fuel reserves". | 04:51am