Sri Lanka signs Contract Agreement with Sinopec to Secure Fuel Supply
Business Today Sri Lanka|June 2023
In a significant move to address Sri Lanka's fuel supply challenges, an agreement was signed with Sinopec, a leading international petroleum company.
Sri Lanka signs Contract Agreement with Sinopec to Secure Fuel Supply

The agreement marks a crucial step in ensuring the nation's steady and uninterrupted fuel supply. The agreement marks a crucial step in ensuring the nation's steady and uninterrupted fuel supply. The signing ceremony took place at the Presidential Secretariat, with representatives from both Sri Lanka and Sinopec in attendance.

Secretary of the Ministry of Power and Energy M.P.D.U.K. Mapa Pathirana and Chen Chengmin, Managing Director of Fuel Production and Marketing Department of Sinopec Company, signed the agreement in front of the President. On the Sri Lanka side, the Secretary of the Ministry of Power and Energy, the Chairman & Managing Director of the Ceylon Petroleum Corporation, and the Chairman of the Ceylon Petroleum Storage Terminals participated. Sinopec, representatives from Sinopec Fuel Oil Lanka, Sinopec Fuel Oil Sales Co (People’s Republic of China), and Sinopec Fuel Oil (Singapore) were present to formalize the agreement.

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