Sri Lanka to lease 450 state-owned fuel stations for Chinese, US, Australian firms with Shell JV

Sri Lanka cabinet has granted approval for three oil companies from China, the United States, and Australia in collaboration with Shell Pl to lease 150 fuel station for each company to operate in local market, Minister of Energy Kanchana Wijesekera said.

“Cabinet approval was granted to award licenses to Sinopec, United Petroleum, Australia & RM Parks of USA in a collaboration with Shell Plc to enter the Fuel Retail market in Sri Lanka,” Wijesekera said in a twitter message.

“Energy Committee & relevant other procurement committees had given their approval & recommendation to award the 3 companies the licenses to operate,” Wijesekera said.

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