The US-based RM Parks-Shell Company is scheduled to begin operations in Sri Lanka in June.
The matter was conveyed by the company during a meeting with local officials.
RM Parks-Shell was one of the four fuel sector companies selected by the government recently to operate in the country.
Accordingly, RM Park-Shell Company will commence business operations of importing, distributing and selling fuel in Sri Lanka in the first week of June after signing an agreement with the Ceylon Petroleum Corporation.
During the meeting with officials of the Ministry of Power and Energy, the Central Bank of Sri Lanka, the Board of Investment, Ceylon Petroleum Corporation and the Petroleum Storage Terminal Limited discussions have been held regarding necessary business licenses, agreements, policies, infrastructure, contractual dates and the timeframe to commence operations in Sri Lanka.
Meanwhile, a team of Sinopec officials and technical experts visited Sri Lanka to finalise the agreements and commencement of operations and the sale of fuel in the country.