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<blockquote data-quote="monson" data-source="post: 24314882" data-attributes="member: 30005"><p><strong><span style="font-size: 18px">Oman oil minister says excited to be part of Sri Lanka oil refinery project</span></strong></p><p></p><p><img src="https://pbs.twimg.com/media/D2aBZl7WsAALzC3.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p><span style="font-size: 10px"><em><strong>Oman Oil Minister Mohammed bin Hamad Al Rumhy and Sri Lanka's Prime Minister Ranil Wickremesinghe attend the groundbreaking ceremony for a $3.85 billion oil refinery project in the village of Mirijjawila in Hambantota, Sri Lanka March 24, 2019. REUTERS/Dinuka Liyanawatte</strong></em></span></p><p></p><p>HAMBANTOTA, Sri Lanka (Reuters) - Oman oil minister Mohammed bin Hamad Al Rumhy said on Sunday he was excited to be part of the planned Sri Lanka oil refinery project on the south coast of the island.</p><p></p><p>He earlier joined Sri Lanka’s Prime Minister Ranil Wickremesinghe at the laying of the foundation stone for a $3.85 billion oil refinery that could mark the island nation’s biggest ever foreign direct investment but controversy over who will build and operate the facility had overshadowed the ceremony.</p><p></p><p>Colombo originally said Oman’s oil ministry planned to take a 30 percent stake in the refinery, which will be built near a $1.4 billion port at Hambantota that is controlled by China Merchants Port Holdings.</p><p></p><p>However, on Wednesday, Oman denied knowing about its part in the plan to build the refinery on Sri Lanka’s southern coast.</p><p></p><p>The presence of the minister from Oman and his comments at the ceremony suggest that plans may be back on track, though there is not yet any clear indication that Oman is taking an equity stake.</p><p></p><p>- <a href="https://www.reuters.com/article/us-sri-lanka-refinery-idUSKCN1R507F" target="_blank">https://www.reuters.com/article/us-sri-lanka-refinery-idUSKCN1R507F</a></p></blockquote><p></p>
[QUOTE="monson, post: 24314882, member: 30005"] [B][SIZE="5"]Oman oil minister says excited to be part of Sri Lanka oil refinery project[/SIZE][/B] [IMG]https://pbs.twimg.com/media/D2aBZl7WsAALzC3.jpg[/IMG] [SIZE="2"][I][B]Oman Oil Minister Mohammed bin Hamad Al Rumhy and Sri Lanka's Prime Minister Ranil Wickremesinghe attend the groundbreaking ceremony for a $3.85 billion oil refinery project in the village of Mirijjawila in Hambantota, Sri Lanka March 24, 2019. REUTERS/Dinuka Liyanawatte[/B][/I][/SIZE] HAMBANTOTA, Sri Lanka (Reuters) - Oman oil minister Mohammed bin Hamad Al Rumhy said on Sunday he was excited to be part of the planned Sri Lanka oil refinery project on the south coast of the island. He earlier joined Sri Lanka’s Prime Minister Ranil Wickremesinghe at the laying of the foundation stone for a $3.85 billion oil refinery that could mark the island nation’s biggest ever foreign direct investment but controversy over who will build and operate the facility had overshadowed the ceremony. Colombo originally said Oman’s oil ministry planned to take a 30 percent stake in the refinery, which will be built near a $1.4 billion port at Hambantota that is controlled by China Merchants Port Holdings. However, on Wednesday, Oman denied knowing about its part in the plan to build the refinery on Sri Lanka’s southern coast. The presence of the minister from Oman and his comments at the ceremony suggest that plans may be back on track, though there is not yet any clear indication that Oman is taking an equity stake. - [url]https://www.reuters.com/article/us-sri-lanka-refinery-idUSKCN1R507F[/url] [/QUOTE]
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