  Location of Hambantota Refinery | |
| Country | Sri Lanka |
|---|---|
| Province | Southern Province |
| City | Hambantota |
| Coordinates | 06°07′17″N 81°04′21″E / 6.12139°N 81.07250°E |
| Refinery details | |
| Owner(s) | Silver Park International (Pte) Ltd Ministry of Oil and Gas of Oman |
| Capacity | 200,000 barrels (32,000 m3) per stream day |
| No. of employees | 1,500 (est.) |
The Hambantota Refinery (also called Greenfield Oil Refinery)[1] is an oil refinery to be developed in Mirijjawila, Hambantota, in the Southern Province of Sri Lanka. The 585-acre (237 ha) refinery will be built and owned by Singapore's Silver Park International (Private) Limited (70%) and Oman's Ministry of Oil and Gas (30%). Silver Park International is an investment vehicle owned by India's Accord Group.[2] It will have a refining capacity of 200,000 barrels (32,000 m3) per stream day, ten times the capacity of the Sapugaskanda Refinery, the country's only other refinery which was built in 1969 by Iran.[3][4]
At a cost of US$ 3.85 billion (Rs. 687 billion) (2019), the refinery development is the single largest foreign direct investment in Sri Lanka's history. Construction of the first phase will commence on 24 March 2019 at a groundbreaking ceremony in the Mirijjawila Export Processing Zone, with Prime Minister Ranil Wickremesinghe attending as chief guest,[3] with the project slated for completion in 44 months.[4]
Almost the entire output from the refinery will be exported, generating an estimated annual revenue of US$ 7 billion (Rs. 1.25 trillion) (2019). However, CEYPETCO and Lanka IOC could bid for refined petroleum products at competitive prices to supply to local consumers.[3]
- ^ "Sri Lanka discusses partnership modalities for proposed Oil Refinery with Oman". Lanka Business Online. 8 May 2019. Retrieved 20 May 2019.
- ^ "Sri Lanka wins record foreign investment in oil project". The Island. 20 March 2019. Retrieved 20 March 2019.
- ^ a b c Fernando, Nishel (20 March 2019). "SL eyes largest ever FDI with US $ 3.85bn refinery in H'tota". Daily Mirror. Retrieved 20 March 2019.
- ^ a b Aneez, Shihar; Sirilal, Ranga (19 March 2019). "Indian-Omani group strikes $3.85 billion deal to build Sri Lanka oil refinery". Reuters. Retrieved 21 March 2019.