Emirates National Oil Company wins contract to supply fuel to Sri Lanka
Sri Lanka’s Government Information Department has reportedly stated that Emirates National Oil Company (ENOC) of Singapore has been awarded contracts from the state-run Ceylon Petroleum Corporation (CPC) to supply diesel under several contracts running from October 15, 2020 to June 14, 2020.
Accordingly, the supply of 1.365 million barrels of 0.05 percent sulfur diesel; supply of 315,00 barrels of 0.001 sulfur percentage diesel and the supply of 1.12 million barrels of 0.05 percent sulfur diesel will be undertaken.
Sri Lanka’s energy sector has many investment opportunities from the supply of the country’s fuel requirement to the development of oil refining capacity in the country. Sri Lanka’s Hambantota Port has oil bunkering facilities that could service ships in the Indian Ocean region given its close proximity to the international maritime lanes. Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have made it a hub in the South Asian region.
|Article Code :||VBS/AT/16102020/Z_4|