President reveals plans to expand the distribution of fuel

During a discussion with the representatives of the Sinopec Group held at the Presidential Secretariat on Monday (13), President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly.

The representatives from the Sinopec Group confirmed their readiness to invest in the import, storage, distribution, and marketing of fuel to cater to Sri Lanka’s energy requirements. They  informed the Sri Lankan Government that their organization has adhered to the existing system and has applied accordingly. They further conveyed their readiness to fully finance the construction of a refinery in Hambantota, which has been identified as a central energy hub by the government.

Presenting their proposal to the President the representatives from Sinopec Group stated that their company is prepared to respond to future solicitations that align with the aspirations of the country.