📈 Sinopec Investment Deal Nearing Breakthrough!

Sri Lanka is on the verge of finalizing a landmark US$ 3.7 Bn investment deal with Chinese energy giant Sinopec, according to BOI Chairman Arjuna Herath. • This project involves constructing a state-of-the-art oil refinery in the investment zone near Hambantota International Port (HIP). • It is set to be the largest single Foreign Direct Investment (FDI) in Sri Lanka's history. • The facility will be primarily export-oriented, a key point in prolonged negotiations. • Sinopec's final response is expected within days, with Cabinet approval to follow. • The deal is a significant milestone for the new administration's investment drive and is expected to be finalized before the end of the year.