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UAE firm, $1.5bn Sri Lanka deal
- United Arab Emirates: Saturday, July 15 - 2006 at 11:42
The Sri Lankan government has awarded a UAE based firm the contract to develop a new 100,000 bpd oil refinery which would triple the nation's output, reported Reuters. The un-named company has two years in which to get the project off the ground. Sri Lanka is also planning to expand its only existing refinery, which currently produces 50,000 bpd.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, July 15 - 2006 at 11:42 UAE local time (GMT+4)
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