Page 55 - Sinopec News Today

Chinese firms among parties showing interest.

Sri Lanka is set to award a multi-billion dollar oil refinery project to a Chinese state-owned company after a rival bidder pulled out, the energy minister said Tuesday. Sri Lanka had originally awarded the project, which has an estimated cost of $3.85 billion, to an Indian family-owned company based in Singapore in 2019.

China’s fuel demand is set to jump by 10% this quarter compared to the same period of 2022 thanks to the latest economic stimulus policies

Sinopec, China's state-owned oil and gas giant, will be awarded the contract to build an oil refinery in the southern port of Hambantota, energy minister Kanchana Wijesekera said on Tuesday.

The global bitumen market covered major segments by Type (Paving, Oxidized, Cutback, Emulsion, and Polymer Modified) By Application (Roadways,...

Sri Lanka is set to award a multi-billion dollar oil refinery project to a Chinese state-owned company after a rival bidder pulled out, the energy minister said Tuesday. Kanchana Wijesekera said the government would shortly enter into an investment agreement with Sinopec to build the refinery next to the Chinese-run port at the southern town […]

International Business News: The Sri Lankan government has extended the petroleum products license of Lanka IOC, the local subsidiary of Indian Oil Corporation, for another 20 yea

According to officials, the Sri Lankan government has extended for an additional 20 years the petroleum products licence that Lanka IOC, the Indian Oil Corporation subsidiary operating locally, was granted. The first 2003 permit was set to expire in January 2024. The government has extended the petroleum products licence given to Lanka IOC, the Indian Oil Corporation local subsidiary, for an additional 20 years, the officials said.

According to officials, the Sri Lankan government has extended for an additional 20 years the petroleum products licence that Lanka IOC, the Indian Oil Corporation subsidiary operating locally, was granted. The first 2003 permit was set to expire in January 2024. The government has extended the petroleum products licence given to Lanka IOC, the Indian Oil Corporation local subsidiary, for an additional 20 years, the officials said.

PetroChina has announced record third-quarter net profit due to an increase in demand for oil and gas caused by macroeconomic factors.