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Sri Lanka in talks with Chinese companies over new Hambantota refinery

The Sri Lankan government is in talks with two Chinese companies over the building of a new refinery at the Chinese controlled Hambantota port. 

The refinery is said to cost $3 billion. 

"The investment is large and we are discussing with the two companies on that basis," Mangala Yapa, director at Sri Lanka's Board of Investment told Reuters. 

"The refinery needs around 500 acres (200ha) of land and we can't reserve the land. Many people try to get the land first and then look for investors."

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