Sri Lanka discusses partnership modalities for proposed Oil Refinery with Oman

May 08, 2019 (LBO) – Sri Lankan government has carried out discussions with the Omani counterparts on the possible modalities of strategic partnership in the proposed Greenfield Oil Refinery to be established in Hambantota.

The BOI said in a statement that Ministers Malik Samarawickrama, Kabir Hashim and Rishad Bathiudeen and the Chairman of BOI Mangala Yapa had productive discussions with Omani leaders during their recent visit to the Sultanate.

Omani side included Dr. Mohammed Hamed Al Ruhmy, Minister of Oil and Gas of Oman, the Officials of the Oman Oil Company & Orpic, the integrated Oil & Petrochemical Company (Oman Oil Refineries & Petroleum Industries Company).

The BOI said the Chairman and senior officials of Silver Park International, Singapore also participated in the discussions.

“The discussions focused on the possible modalities of strategic partnership of Orpic in the proposed Greenfield Oil Refinery to be established in Hambantota, both as an investor and as a strategic partner together with Silver Park International and possible expansion into petrochemicals,” the BOI said.

Orpic is currently in the final stages of construction & commissioning of a state-of-the art petrochemical complex in Sohar, Oman and the visiting delegation had an opportunity to take part in a familiarisation visit to the above complex.

“The Minister of Oil & Gas and Orpic reiterated their firm interest to partner in this project and proposed to establish a Joint Task Force to finalise details expeditiously.”

Owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC, Orpic is one of Oman’s largest and most rapidly growing businesses in the Middle East oil industry.