Oman agrees to invest 30% in Mir­i­j­jaw­ila Oil Re­fin­ery Project

Daily Mirror (Sri Lanka) - - FRONT PAGE - BY SANDUN A JAYASEKERA

The Omani gov­ern­ment has given its con­sent to invest 30% in the pro­posed US$ 3.85 bil­lion (Rs. 687 bil­lion) mir­i­j­jaw­ila Oil Re­fin­ery Project (MORP) in Ham­ban­tota to a high pow­ered min­is­te­rial del­e­ga­tion from Sri Lanka led by Devel­op­ment Strate­gies and In­ter­na­tional Trade Min­is­ter Ma­lik Sa­ma­rawick­reme.

The min­is­te­rial del­e­ga­tion that also in­cluded High­ways Min­is­ter Kabir Hashim and In­dus­try and Com­merce Min­is­ter Rishad Bathi­udeen toured Oman last week and re­turned home on Tues­day af­ter a suc­cess­ful dis­cus­sion with the top man­age­ment of the state owned Oman Oil Re­finer­ies and Pe­tro­leum In­dus­tries Company’s (OR­PIC), Min­is­ter Sa­ma­rawick­reme said yes­ter­day.

“We had a suc­cess­ful dis­cus­sion with the au­thor­i­ties of the OR­PIC.THEY agreed to invest 30% in the MORP while the Sil­ver Park In­ter­na­tional Pri­vate Ltd. in Singapore pump­ing the re­main­ing 70% of the to­tal cost of

US$ 3.85 bil­lion,” Min­is­ter Sa­ma­rawick­reme told the Daily Mir­ror.

Min­is­ter Sa­ma­rawick­reme added that a joint task force or a joint com­mis­sion rep­re­sent­ing Oman and Sri Lankan of­fi­cials and ex­perts will be ap­pointed to fi­nal­ize the in­vest­ment and con­struc­tion of the MORP un­der the su­per­vi­sion of the Board of Investment­s (BOI) of Sri Lanka.

Newspapers in English

Newspapers from Sri Lanka

© PressReader. All rights reserved.