Sri Lanka, Oct. 26 -- l Momentum in FDIs continue with USD 827 mn in foreign capital inflow during first nine months of this year

l Confidence in surpassing this year's FDI target next year is high

The stalled oil refinery project by China's Sinopec is said to get a fresh start after almost 10 months of negotiations between the officials of the energy company and the Sri Lankan government. "Sinopec has agreed to fall in line with the tender conditions and they have committed to commence the project by end of this year. The project thereafter will go through the process for approval," Board of Investment of Sri Lanka (BOI) Chairman Arjuna Herath said.

The US$ 3.7 billion oil refinery project in Hambantota by the Chinese state-owned ener...