The CEO of Hambantota International Port Services (HIPS), the subsidiary of port operator Hambantota International Ports Group (HIPG), says the port still holds the potential in becoming a bunkering location.
The port hopes to start bunkering operations once the tank farm comes into operation early next year, Ravindra Jayawickrema told Xinhua in an interview.
“Sri Lanka lies between Singapore and Fujairah, two of the largest fuel depots in the world that supply over 60 million tonnes of fuel per year. We are trying to tap into that market to a certain extent,” he said.
Jayawickrema notes of a masterplan by a group of international firms involved with Hambantota are in the works and has been almost completed.
Following completion, HIPG will enter the market place to attract investors.
A series of earlier bunker related investments at Hambantota has been covered by Manifold Times below:
Other related: Singapore-based Sugih Energy proposes oil refinery at Hambantota
Other related: Sri Lanka embassy confirms Sinopec bunkering plans at Hambantota
Other related: Sinopec establishes fuel oil sales unit at Hambantota, Sri Lanka
Other related: Sinopec to provide marine fuels and bunkering at Hambantota
Photo credit: Hambantota International Ports Group
Published: 27 December, 2019
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