Reply to thread

Message: <blockquote data-quote="monson" data-source="post: 23784569" data-attributes="member: 30005">Govt. to call bids to develop M2 block in Mannar BasinTuesday, 23 October 2018 <ul> <li data-xf-list-type="ul">Tenders to be called in two weeks for gas deposit discovered by Cairn India </li> <li data-xf-list-type="ul">Says if extraction successful, enough gas to power 300MW plant for 20 years </li> <li data-xf-list-type="ul">Aims to begin production by 2023, minimum investment required $750m</li> <li data-xf-list-type="ul">CEB and Power Ministry in talks to formulate purchase agreement </li> <li data-xf-list-type="ul">Next round of bidding focused on M1 in Mannar Block and C1 in Cauvery Basin</li> <li data-xf-list-type="ul">Seismic study of east shore for possible oil completed, data processing likely to take five months</li> </ul>Read more:<a href="http://www.ft.lk/top-story/Govt--to-call-bids-to-develop-M2-block-in-Mannar-Basin/26-665296" target="_blank">http://www.ft.lk/top-story/Govt--to-call-bids-to-develop-M2-block-in-Mannar-Basin/26-665296</a>Govt. in discussion with 4 parties to build US $ 2bn oil refineryThe government is in discussion with four foreign parties to build a US $ 2 billion new oil refinery in Sapugaskanda, Petroleum Resources Development Minister Arjuna Ranatunga said, yesterday.“We are looking to build a new refinery in Sapugaskanda. There are already four proposals and another party is coming to meet me to discuss their proposal today,” he said. Ranatunga said that the ministry is looking to set up a refinery, which has the capacity to produce 110,000-125,000 barrels per day (bpd). The minister noted that the investment proposals are from Bahrain, the UAE, South Korea and China and the ministry officials are currently evaluating the proposals. However, he said that the evaluation process of the proposals would require sometime as feasibility studies, development proposals, etc. need to be carefully evaluated. Ranatunga emphasised that the selection of the developer would largely depend on how these firms would finance the project. Sri Lanka’s sole oil refinery has a capacity of 50,000 bpd, accounting for 30 percent of the fuel requirement. However, the refinery is only capable of refining Iranian light crude. - <a href="http://www.dailymirror.lk/article/Govt-in-discussion-with-parties-to-build-US-bn-oil-refinery--157217.html" target="_blank">http://www.dailymirror.lk/article/Govt-in-discussion-with-parties-to-build-US-bn-oil-refinery--157217.html</a></blockquote>

Verification: Haya warak paha keeyada? (haya wadi kireema paha)

Top Bottom