BOI clarifies news report regarding oil refinery project in Hambantota

Mar 22, 2019 (LBO) – Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman’s Ministry of Oil and Gas and Silver Park International PTE Ltd with regard to equity arrangements for the oil refinery project in Hambantota.

“However, we are aware that Oman Oil Company has registered their firm intention to participate in equity up to 30 percent, subject to reaching an agreement between the parties,”

“Furthermore, we are aware that Oman Trading International is willing to supply the entire feed stock requirement of the project as well as do the marketing for the products, upon reaching mutually agreed terms.”

The investor – Silver Park International PTE Ltd – has conveyed to the Board of Investment their full confidence in implementing the project.