China's new deal with Sri Lanka
Hambantota again? Is Sri Lanka getting into the same China trap?
In the largest foreign investment ever, Sri Lanka has signed a deal worth $3.7 billion with China for the construction of an oil refinery in Hambantota. The deal comes after Sri Lanka scrapped the deal with an Indian company for the same refinery.
China offers to invest $3.7 billion in oil refinery in Sri Lanka as Dissanayake pitches for more Chinese investments
Dissanayake incidentally was a critic of the Hambantota port deal for its long-term lease while he was in the opposition.It was seen as a balancing act as last year India and Sri Lanka inked a deal to jointly develop 85 Word War II-era oil storage tanks at the strategic Trincomalee port in the eastern region of the country.
Sri Lankan President Anura Kumara Dissanayake's recent visit to China has bolstered strategic ties between the two nations.
Sri Lanka and China did not mention the end of the former's moratorium on visits by foreign research vessels but indicated ...
Sinopec, China's state-owned and largest oil refiner, signed an agreement with Sri Lanka's energy ministry to invest $3.7 ...
During President Anura Kumara Disanayake’s four-day state visit to China, Sri Lanka marked a significant milestone by ...
Sri Lanka has secured “one of its largest FDIs”, President Anura Kumara Dissanayake announced after signing a $3.7 ...
One wonders as to what President Anura Kumara Dissanayake would have come up with regarding the MOU which Sri Lanka has ...
BEIJING: Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant ...
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