Moreover, the current government once again announced a new big project that China is ready to start in Hambantota. The news is that a massive oil refinery aimed at export will be built in Hambantota with Chinese investment. This massive Chinese project is currently undergoing preliminary wo
The development comes as China is making a comeback in Sri Lanka as Beijing first gave its consent on conditionalities for the International Monetary Fund to lend money to the island nation. Reports have emerged that indicate that China's Sinopec has committed to invest in Sri Lanka's Hamban
China's Sinopec has pledged to invest in Sri Lanka's southern district of Hambantota at a meeting with the island nation's president, Ranil Wickremesinghe, the President's Media Division (PMD) said, Economy Next reported. The move comes as Beijing seeks to consolidate investments in the isla
Beijing [China], August 8 (ANI): As Sri Lanka continues to remain in the Chinese debt trap, the biggest petrochemical company in China, Sinopec, is likely to start retail operations in the Lankan fuel market, local media said citing sources.
Beijing [China], March 29 (ANI): Chinese state-owned oil major Sinopec has hit the brakes on its investment plans in Russia as firms assess the impact of the severe Western sanctions on their investments, a media report said.
New Delhi [India], September 16 (ANI/PRNewswire): A coalition of 40 leaders from global energy producers, energy-intensive industries, financial institutions and environmental advocates - including ArcelorMittal, Bank of America, BP, Development Research Center of the State Council of China,