Oman's oil minister arrived in Sri Lanka on Saturday to participate in the ...
COLOMBO - Oman’s oil minister arrived in Sri Lanka on Saturday to participate in the launching of a $3.85 billion oil refinery project, government officials in Colombo said, three days after Oman said it had not yet agreed to invest in the facility.
Sri Lankan officials said on Tuesday Oman’s oil ministry planned to take a 30 percent stake in the project. “He [Oman’s oil minister] is here to take part in the ground breaking ceremony for the oil tanks of the refinery,” a senior official at Sri Lanka’s strategic development ministry told Reuters.The refinery is being constructed near a $1.4 billion port at Hambantota that is controlled by China Merchants Port Holdings.
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