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Friday, 27 April 2012 - 13:18
IOC supports to revamp Sapugaskanda oil refinery
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The Lanka Indian Oil Corporation has stepped in to offer support to Sri Lanka to.

The refinery can only process Iranian crude efficiently and with US sanctions looming, the refinery needs to be urgently revamped to function with better efficiency.

The Lanka IOC has offered to help in the US $ 2 billion upgrade of the refinery.

Lanka IOC Managing Director, Suresh Kumar, when asked if IOC was interested in helping out Sri Lanka stated that they have offered expertise.

Sri Lanka consumes about 5 million tonnes of petroleum products annually of which only about 2 million tonnes is refined in Sapugaskanda.

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