Chinese energy giant Sinopec is expected to conclude a feasibility study by June for a proposed plant in Sri Lanka’s Hambantota port, sources have told Reuters. The plant, which is estimated to cost $4.5 billion, is expected to be the Chinese energy giant’s largest foreign investment abroad and is also being seen as a challenge to neighbouring India who is looking to push a rival pipeline in the country. Local media reports state that India’s state-owned Indian Oil Corporation (IOC)…
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Sinopec Will Build Refinery In India’s Backyard
