An oil refinery complex will be constructed in the Mirijjawila Export Processing Zone with a Foreign Direct Investment (FDI) of US$ 3.85 billion from Oman and Singapore.
The refinery complex will be spread out over 200 acres and will be the first oil refinery set up in the country after several decades and will be capable of generating US$ 7 billion worth of export revenue per annum when fully operational.
The BOI announced today (19) that the laying of the foundation stone for this massive project will take place on Sunday (24 March) at the Mirijjawila zone and the entire project is expected to be completed in 4 years.
The Singaporean investor is Silver Park International Pte Ltd and from Oman it will be the Sultanate of Oman Ministry of Oil and Gas.
New oil refinery with $ 3.85 b FDI from Singapore & Oman
19 Mar 2019
New oil refinery with $ 3.85 b FDI from Singapore & Oman
19 Mar 2019
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