BOI responds to oil refinery project; says Oman Oil Company registered "firm intention" to participate in equity

21 March 2019 - 157   - 0

The Board of Investment (BOI) issuing a statement said they were not aware of an agreement in terms of equity arrangements being signed by Oman's Oil and gas Ministry and Silver Park International PTE Ltd.

However, the BOI confirmed that the Oman Oil Company had registered their "firm intention to participate in equity upto 30%" on reaching agreement between the parties. Further the statement said  Oman Trading International had expressed willigness to supply the entire feedstock requirement of the project while also taking measures to do the marketing for the products, this too folllowing mutually agreed terms.

Further, the BOI stated that the investor- Silver Park International PTE Ltd had conveyed their full confidence in implementing the project.

The full statement appears below

Related story

Oman’s oil Ministry denies it agreed to invest in Sri Lanka oil refinery project

  Comments - 0

  • Leave a comment



Features & Analysis

People’s Church, Narahenpita launches a celebration of Hope from April 19-21

People’s Church, Narahenpita launches a celebration of Hope from  April 19 -21, 2019 from 5.30 p...

'Victoria' TV star Laurence Fox indulges in Ayurvedic 'no-frills detox' in Beruwela

Playing the “charismatic and wayward” Foreign Secretary Lord Palmerston in ITV's 'Victoria&#...

Disney's video streaming service sets November launch

Disney announced Thursday that its video streaming service would launch in the US in November, spotlighting its block...

Scholarships for Sri Lankan students to study Ayurveda, Yoga, Homepathy in India

The High Commission of India in Colombo has initiated a scholarship programme for  Sri Lankan nationals und...