Sri Lanka signs landmark US$3.7 billion deal with Chinese state oil giant
SRI
BEIJING: Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday (Jan 16). Sinopec has agreed to invest US$3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in the southern Hambantota region, according to the Sri Lanka president's media division. "During President Anura Kumara Dissanayake's four-day state visit to China, Sri Lanka marked a significant milestone
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