Oman's oil minister said on Sunday he was excited to be part of a Sri Lanka...
HAMBANTOTA, Sri Lanka - Oman’s oil minister said on Sunday he was excited to be part of a Sri Lanka oil refinery project in a sign that plans for the sultanate’s involvement may be back on track.
Sri Lanka said last week that Oman Oil Co had made clear it was interested in taking a 30 percent stake in the new refinery on Sri Lanka’s south coast.Rumhy joined Sri Lankan Prime Minister Ranil Wickremesinghe at the laying of the foundation stone for the planned $3.85 billion oil refinery at Hambantota on the south coast, which would potentially be the island’s biggest foreign direct investment.
The India-based Accord Group is the main investor in the refinery project, through a Singapore entity it controls. A senior Sri Lankan minister, who declined to be identified because he is not authorized to talk to the media, told Reuters Oman had given a commitment to invest in the refinery and there would not be any turning back.
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