• crude oil production line capacity suppliers manufacturer in Sri Lanka
  • crude oil production line capacity suppliers manufacturer in Sri Lanka
  • crude oil production line capacity suppliers manufacturer in Sri Lanka
  • crude oil production line capacity suppliers manufacturer in Sri Lanka
  • 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.
  • What percentage of refined fuels is imported by Sri Lanka?
  • The government imports 60 percent of the refined fuels consumed domestically in Sri Lanka. Output from the Sapugaskanda oil refinery meets 40 percent of Sri Lanka’s demand for refined fuels.
  • How many barrels of oil are there in Sri Lanka?
  • Based on data acquired from seismic surveys, the Sri Lankan government estimates that there are over one million barrels of oil resources in a 30,000 square kilometer area in northern waters.
  • 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.
  • Can international companies import and sell petroleum products in Sri Lanka?
  • In July, the Sri Lankan government decided to allow international companies to import, distribute, and sell petroleum products. Also in July, the Ministry of Power and Energy issued a request for Expressions of Interest (EOI), marking the first opportunity for new companies to enter the Sri Lankan market since 2004.
  • What is the Petroleum Development Authority of Sri Lanka?
  • In October 2021, Parliament amended the Petroleum Resources Act to establish the Petroleum Development Authority of Sri Lanka.