header logo
සිංහලதமிழ்
Rhythms of Lanka
Mogo Academy
Latest
Agreement allows Sinopec to invest in 50 new fuel stations – Energy Minister
May 22, 202304:21 PM
Google NewsAdd on Google
Agreement allows Sinopec to invest in 50 new fuel stations – Energy Minister
Mobitel Inner

Minister of Power and Energy Kanchana Wijesekara says that according to the agreement signed between Sinopec and the Ministry of Power and Energy, the state-owned Chinese company will be granted a 20-year license to operate 150 fuel stations currently operated by the Ceylon Petroleum Corporation (CPC).

 

In a tweet, the minister said that the agreement also allows Sinopec to invest in 50 new fuel stations and to invest in Sri Lanka’s energy sector.

 

The contract agreement was signed between Sinopec Fuel Oil Lanka (Pvt) Ltd and its parent company in China and Singapore and the Ministry of Power and Energy this morning (22) at the Presidential Secretariat in Colombo, for Sinopec to enter the domestic retail petroleum market.

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
Ex-MP warns proposed extension of judges' retirement age risks sparking youth unrest

Ex-MP warns proposed extension of judges' retirement age risks sparking youth unrest

Adverse weather claims eight lives, affects over 16,000 people islandwide

Adverse weather claims eight lives, affects over 16,000 people islandwide

Eight dead, over 11,000 affected by adverse weather Heavy rains expected after Thursday: Met. Dept.

Eight dead, over 11,000 affected by adverse weather Heavy rains expected after Thursday: Met. Dept.

Parliament heats up over judges’ retirement age 22A draft will be gazetted shortly: Justice Minister

Parliament heats up over judges’ retirement age 22A draft will be gazetted shortly: Justice Minister

“Chief Prelates did not oppose judicial reforms” Govt seeks to increase retirement age of all judges

“Chief Prelates did not oppose judicial reforms” Govt seeks to increase retirement age of all judges

Thai, Sri Lankan cultures celebrated at Thai festival 2026 held in Colombo

Thai, Sri Lankan cultures celebrated at Thai festival 2026 held in Colombo

“There is another reason behind the rush” – Lawyers’ body questions judges’ retirement age move

“There is another reason behind the rush” – Lawyers’ body questions judges’ retirement age move

New Constitution, land issues take centre stage as Tamil and Muslim leaders meet President

New Constitution, land issues take centre stage as Tamil and Muslim leaders meet President

Mahara Prison Clash: Multiple investigations launched into Rs. 150 million damage

Mahara Prison Clash: Multiple investigations launched into Rs. 150 million damage

Bad weather wreaks havoc across Sri Lanka Warning for heavy rains, strong winds & landslides issued

Bad weather wreaks havoc across Sri Lanka Warning for heavy rains, strong winds & landslides issued

“Prisoners’ safety must be guaranteed by the govt” Several factions demand answers from Minister

“Prisoners’ safety must be guaranteed by the govt” Several factions demand answers from Minister

Mahara Prison unrest damage estimated at Rs. 150 million; Video evidence and masterminds under probe

Mahara Prison unrest damage estimated at Rs. 150 million; Video evidence and masterminds under probe

"Bringing smiles to little hearts" Children learn the art of kite-making at Derana Kite Workshop

"Bringing smiles to little hearts" Children learn the art of kite-making at Derana Kite Workshop

“Need to find out if it was controlled from outside”; Justice Minister on Mahara Prison unrest

“Need to find out if it was controlled from outside”; Justice Minister on Mahara Prison unrest

ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

Lassana Flora