Sri Lanka rejects Chinese bid to build oil refinery
Sri Lanka has rejected a bid by a Chinese firm to build an oil refinery and sell fuel locally, over fears it would be a threat to domestic companies, Reuters reported.
“The Chinese companies asked permission (to supply local markets), but we did not give them permission. We asked them to participate in tenders of local suppliers, if they want to sell locally,” government spokesperson Rajitha Senaratne told Reuters.
China Huanqiu Contracting & Engineering Corp, part of the state owned China National Petroleum Corp, together with Shandong Dongming Petrochemical Group submitted the proposal to build the island's largest refinery near Hambantota port.



