IOC keen on participating in Sri Lankan refinery modernisation

摘要

Indian Oil Corporation (IOC) has expressed interest in the Sri Lankan government's plans to refurbish the island's only refinery that will cost US$2-bn. "We have expressed our interest," Mr. Suresh Kumar the IOC's Colombo chief said. He said that Lankan IOC have.had several rounds of correspondence with the government's petroleum officials. Sri Lanka has saidthat US$2-bn would be needed to mo-demise the refinery at Sapugaskanda, a north Colombo suburb. The refinery, built in 1960s, was able to handle only Iranian and Saudi light crude.