The Sri Lanka refinery sector is opening new opportunities for private investors as Ceylon Petroleum Corporation (CPC) invites expressions of interest to double its refining capacity or build a new facility. This initiative aims to strengthen energy security and reduce reliance on imported petroleum products.
Sri Lanka refinery project invites investment to double capacity and boost energy security
Ceylon Petroleum Corporation, Sri Lanka’s state-run energy company, has announced a call for private investment to expand its Sapugaskande refinery from 50,000 barrels per day to 100,000 barrels or to establish a new refinery within the same premises. The Development and Expansion Project represents a strategic opportunity for long-term collaboration in the country’s energy sector, according to the EOI documents.
The project is designed to enhance national energy security, reduce dependency on imported refined products, and strengthen Sri Lanka’s overall economic resilience. CPC emphasized that investors with proven experience in refinery development, infrastructure investment, and energy operations are ideal partners for this significant national initiative.
Investors will have access to the existing Sapugaskande refinery facilities, including a 140,000 dead weight tonne tanker berthing system at the offshore point buoy mooring, a 36-inch submarine pipeline, a 24-inch onshore pipeline, and tanks with 425,000 cubic meters of crude storage capacity, including the Orugodawatte terminal. Additional storage for intermediate and finished products within the refinery site totals approximately 100,000 cubic meters. The project also includes reliable water supply from the Kelani River and an existing power infrastructure.
The total land area allocated for the project covers 324 acres, comprising 95 acres of the existing refinery, 106 acres of bare land, 23 acres currently under acquisition, and another 100 acres identified for future expansion. The selected investor will finance the refinery, provide CPC with a stake in the facility, and transfer the plant to CPC at the end of the concession period, ensuring a sustainable long-term partnership.
This Sri Lanka refinery expansion presents a rare chance for investors to contribute to the country’s energy independence while participating in a transformative infrastructure project.