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Page 18 - சிஇஒய்எல்ஓஎன் பெட்ரோலியம் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CPC to expand refinery venture with US$ 2 5 billion investment

Pic: Sujatha Jayaratne by Sanath Nanayakkare Ceylon Petroleum Corporation (CPC) has initiated feasibility studies for a project which has been on the cards for a long time to expand its crude oil processing capacity at its Sapugaskanda plant up to 100,000 barrels per day, in order to boost its volume of refined petroleum products issued to the market. “A feasibility study aimed at determining the technical, operational, environmental and commercial scope of the planned 100,000-b/d expansion is underway with a focus on several proposals to enhance the refinery’s existing capacity,” CPC Chairman Sumith Wijesinghe told The Island Financial Review on Tuesday.

CPC to increase jet fuel imports

By Bandula SirimannaView(s): Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) is devising plans to increase its jet fuel imports in the next two years anticipating a rise in domestic demand in the aviation sector, an official procurement plan revealed. The CPC will increase jet fuel imports by 38.33 per cent to 593,440 metric tons next year and in addition 7.4 per cent more to 635,820 metric tons in 2022. According to official documents, CPC has no alternative other than importing refined petroleum products to meet the local demand as the production at the Sapugaskanda oil refinery is insufficient to tackle the demand. The Government has to expedite the procurement process of fuel imports as the CPC refinery has to shut down for maintenance once in every two years.

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