Sri Lanka in talks with Chinese companies for $3 billion oil refinery
Sri Lanka has entered talks with two Chinese companies over proposals to invest US $3 billion to build a new refinery at the Chinese controlled Hambantota port, reports Reuters.
Sri Lanka’s director at the Board of Investment, Mangala Yapa said the companies had put forward a joint venture proposal for a refinery that could produce up to 5 million tonnes of refined oil per year.

