Sapugaskanda operational by 8 Dec

By Thameenah Razeek | Published: 2:00 AM Nov 30 2021
News Sapugaskanda operational by 8 Dec

By Thameenah Razeek

Energy Ministry will make efforts on Wednesday, 8 December, to restart operations at the 52-year-old Sapugaskanda oil refinery at full capacity.

 Ministry Secretary K.D.R. Olga said that they have received sufficient foreign exchange (FX) to purchase crude oil. She said that the refinery will be back to normal operations before the New Year. 

Previously, Minister Udaya Gammanpila said the Oil Refinery would be shut down for around 50 days due to a lack of FX reserves in Sri Lanka. To manage its dwindling FX reserves, Sri Lanka temporarily shut down its only oil refinery, resulting in long lineups at petrol stations.

 Sapugaskanda Oil Refinery has a capacity of 50,000 barrels per day. Government is aiming to establish a $500 million credit line with India in order to purchase petroleum and replenish inventories, which plummeted to $2.27 billion by end October.

By Thameenah Razeek | Published: 2:00 AM Nov 30 2021

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