Sri Lanka, May 1 -- The government will take at least another couple of months to decide on the proposed Sinopec Oil Refinery Project in Hambantota, which is the largest single Foreign Direct Investment (FDI) in Sri Lanka's history, a Minister said.

Newly appointed Energy Minister Anura Karunathilaka told Daily Mirror there are differences between the government and the company on terms and conditions, and the final decision will be taken in another two months' time.

The original agreement stipulated that 80 per cent of the output must be exported to bring in foreign currency, with only 20 per cent sold in the local Sri Lankan market.

Asked whether the company sought increased access to the local market and the government declined, the...