• oil production line by press way in Sri Lanka
  • oil production line by press way in Sri Lanka
  • oil production line by press way in Sri Lanka
  • oil production line by press way in Sri Lanka
  • Will Sri Lanka issue two-year oil and gas exploration licenses?
  • REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights COLOMBO, Jan 12 (Reuters) - Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.
  • Does Sri Lanka need a new oil refinery?
  • Sri Lanka's only oil refinery, the Sapugaskanda refinery, is in urgent need of upgrading and expansion. The state-owned Ceylon Petroleum Corporation (CPC) runs the refinery and plans to modernize the existing refinery and build a new one have been discussed for several years.
  • Does Sri Lanka have an oil industry?
  • Sri Lanka held its first international licensing round for petroleum exploration in 2007, with one exploration block awarded to an Indian firm that pulled out in 2015 when oil prices plunged. In 2019, the country brought in French major Total (TTEF.PA) and Norway's Equinor (EQNR.OL) to study the potential of two blocks for oil production.
  • Can Sri Lanka start up oil production?
  • Previous attempts by Sri Lanka to start up oil production have mainly focused on the country's northern coast but this time the government has mapped assets surrounding all sides of the island.
  • Does Sinopec have an oil refinery in Sri Lanka?
  • Chinese energy giant Sinopec has announced plans to establish its first fully controlled overseas oil refinery in Sri Lanka, marking a significant milestone in its global expansion strategy.
  • What is the estimated area for oil resources in Sri Lanka?
  • Based on data acquired from seismic surveys, the government estimates that there are over one million barrels of oil resources in a 30,000 square kilometer area in northern waters. The law aims to provide the legal framework for all upstream processes in Sri Lanka, including the provision of operational guidelines.