Cabinet approval has been granted to establish the Sapugaskanda Oil Refinery as a separate Government-owned business entity, Minister of Power and Energy Kanchana Wijesekera announced today.
In a statement on ‘X’, Minister Wijesekera said that approval was granted yesterday to call for Expressions of Interest (EOI) to select a suitable strategic investment partner to upgrade the infrastructure facilities to address the existing operational challenges.
He further said that it was also decided to explore the option of relocating the Sapugaskanda Oil Refinery to Trincomalee in the future with upgraded modern facilities and the development of the Tank Farm.
Cabinet decision :
