Twenty-four corporations from India, the United Arab Emirates (UAE), Saudi Arabia, the US, China, Russia, the UK, Malaysia, Norway, and the Philippines have an interest within the petroleum enterprise in Sri Lanka, a Minister mentioned.
Minister of Energy and Power Kanchana Wijesekera mentioned on Sunday night time that his ministry has appointed a committee to judge the expressions of curiosity (EOIs) submitted by the overseas companies, which can finalise the method inside six weeks, studies Xinhua information company.
Wijesekera mentioned corporations in petroleum-producing international locations had been invited to import, distribute and promote petroleum merchandise in Sri Lanka.
The Minister added 700 petrol pumps beneath the state-owned Ceylon Petroleum Company (CPC) will be given to chose corporations for operations, and the chosen corporations may use different CPC amenities on a business foundation, he mentioned.
Presently, the CPC and the Lanka Indian Oil Company are permitted to distribute gas to retail clients.
Wijesekera mentioned that the CPC, which holds 80 per cent of the retail petroleum market, is unable to maintain on supplying gas due to greenback shortages.
–IANS
ksk/
(Solely the headline and movie of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)
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