Sri Lanka’s Minister of Environment Naseer Ahmed has invited Saudi Arabia to set up an oil refinery in Sri Lanka.
Minister of Environment Naseer Ahmed has made this invitation during his recent visit to Saudi Arabia as the special representative of the President for the bilateral talks between Sri Lanka and the Kingdom.
The Minister has also said that Sri Lanka can provide sufficient oil storage facilities to cover the entire region.
The Environment Minister has said that this invitation was made to provide a modern oil refinery and storage facilities for energy security cooperation by establishing a strong long-term relationship with Saudi Arabia.
In these discussions, attention was focused on the long-term agreements that can be made for Sri Lanka to obtain gas oil, petrol, jet A-1 fuel, crude oil, etc. and the necessary activities to establish long-term economic cooperation.
The Minister also stated that Saudi Arabia, one of the leading economic powers in the Asian region, is playing a major role as a leader in the energy sector and that the “Vision 2030” of Saudi Arabia’s Crown Prince Mohammed bin Salman has attracted the whole world including Sri Lanka.