By Tharindri Rupesinghe Plans to build an oil refinery in Hambantota are to be finalized within the next fortnight, according to Dr. Sarath Amunugama, Minister of Enterprise Development and Investment Promotion. Speaking at Friday’s Imexpro 2008 Foreign Trade Promotion Exhibition, he confirmed that the oil refinery is to be a project of a Dubai-based private investor. He says that the initial discussions will result in them signing the agreement in two weeks time.
Elaborating on the project, Foreign Secretary Dr. Palitha Kohona (also present at the event) said that the oil will be brought in from the Middle East, refined in Hambantota and then re-exported. “This oil will not be for local consumption,” he said adding that the investors were “very enthusiastic” over the venture. According to Amunugama, the project will be a $1 billion investment that will be handled by the private firm.
3 responses so far ↓
zare // January 14, 2009 at 6:38 am |
dear sir
we are a company in iran and looking for a investor in refinery filed . for more information please contact us .
tel:+98-411-5550729
we are looking forward to hear from you soon.
with regards,
zare
CA Mukesh Lalwani // August 31, 2009 at 12:03 pm |
Hello Sir,
We are having some good refinery proposal for investment in India……..if you are interested please email me at mpmukesh@gmail.com for further details……….
We are looking forward reply from you
Thanks & Regards
CA Mukesh Lalwani
Sandeep Peters // May 1, 2009 at 6:13 pm |
Greetings,
What aspects would an investor keep in mind while investing in an oil refinery.
Please do answer in detail as I have to present an oil refinery case to an investor.