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Political Rhetoric Clashes with Reality in Hambantota FDI Deal - LNW Lanka News Web
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Political Rhetoric Clashes with Reality in Hambantota FDI Deal - LNW Lanka News Web
By: Staff Writer May 19, Colombo (LNW): The much-anticipated US$3.7 billion Hambantota oil refinery project, spearheaded by Chinese energy giant Sinopec, is facing fresh delays due to unresolved tax concession negotiations with the Sri Lankan government, according to official sources. Touted as the largest foreign direct investment (FDI) in Sri Lanka’s history, the Hambantota Greenfield Oil Refinery project was initially announced in March 2019.…
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