China’s Sinopec commences fuel distribution in Sri Lanka

China’s Sinopec has commenced discharging its first shipment of fuel to Sri Lanka with a second shipment due to arrive on Thursday August 03, Energy Minister Kanchana Wijesekara said.

The minister tweeted on Tuesday August 01 that the entry of new retail suppliers to the domestic market will ease the forex requirements for petroleum products as the suppliers will bring in products on a 12 month financing facility from their principal investors with no forex requirements from the domestic financial institutes.

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