Friday, October 7, 2022

Sapugaskande Oil Refinery Shut Down Again

 The Sapugaskande Oil Refinery  has been closed down again from today (07) due to the non availability of foreign reserves to pay for a Crude oil ship the Minister of Power and Energy Kanchana Wijesekare.has stated in Parliament .Sri Lanka renews effort to expand Sapugaskanda refinery | Oil & Gas Journal

However there's no shortage of Oil refined products in the country as the Ceylon Petroleum Corporation (Ceypetco) has an adequate stocks of oil .

According to the  Energy Minister the  shortage of Forex for payment of   two Crude oil Cargos already used at the refinery has led to the decision to close down the refinery. 

He added that the ship carrying 100,000 Metric tones of  Crude Oil Cargo that has been in Sri Lankan waters for the last 10 days will be unloaded as soon as an adequate Forex is available to the Ceypetco

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