Trouble for Sinopec Oil Refinery in Sri Lanka’s Hambantota port
The proposed $3.7 million oil refinery to be built by China’s Sinopec in Sri Lanka’s Hambantota port is facing significant delays over multiple issues like dispute over equity structure, tax concessions, market access, and allocation of land for the project. The inland port is built in a natural harbour near the town of Hambantota in … Read more