Companies from 10 countries keen to sell petroleum products in Sri Lanka

24 companies from 10 countries have expressed their interest in engaging in the energy sector in Sri Lanka.

Minister of Power and Energy Kanchana Wijesekera said companies from India, China, the United States, the United Kingdom, Russia, Saudi Arabia, the United Arab Emirates, Malaysia, Norway and the Philippines have submitted proposals to import, distribute and sell petroleum products in Sri Lanka.

The Ministry of Power and Energy recently called for expressions of interest from reputed companies established in petroleum producing countries to import, distribute and sell petroleum products in Sri Lanka on long-term contracts.

Accordingly, Minister Kanchana Wijesekera said 24 companies have submitted proposals in this regard.

He said the Ministry of Power and Energy will now evaluate the proposals and finalise the process in six weeks.