Chairman of the Coconut Development Authority, Shantha Ranawaka, announced recently that a cabinet paper has been submitted seeking to ban the sale of unpackaged (loose) coconut oil in the local ...

My continued efforts in the pioneering venture to establish Oil Palm on Nakiadeniya was not in vain as a large-scale Oil Palm Factory was built in 1982 on Nakiadeniya Group. Further the 1,300 acres I ...

Sri Lanka is grappling with a deepening crisis in the coconut and palm oil industry, triggered by a severe shortage of coconuts and soaring global palm oil prices. A ban on oil palm cultivation as a ...

If Sri Lanka is astute, it can capture a large share of these markets being blessed with year-round sunshine or monsoon rains together with wind power. According to the statistics published by the Sri ...

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday (Jan 16). Sinopec has agreed to invest US$3.7 ...

Beijing: Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. Sinopec has agreed to invest $3.7 ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.

Offshore Sri Lanka contains undeveloped oil and gas resources. Mannar basin straddles Sri Lankan and Indian waters and has only been explored by a handful of wells.

The refinery project in Sri Lanka is a move by the top Chinese and global refiner to secure more markets overseas.

Sri Lanka has repaid $20 million in oil debt to Iran with tea in a move that Sri Lanka officials say do not violate U.S. sanctions on Iran, Agence France Presse reports.