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Hambantota not given up on ambition to become bunkering location

27 Dec 2019

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 relatedSri Lanka embassy confirms Sinopec bunkering plans at Hambantota
Other relatedSinopec establishes fuel oil sales unit at Hambantota, Sri Lanka
Other relatedSinopec to provide marine fuels and bunkering at Hambantota

Photo credit: Hambantota International Ports Group
Published: 27 December, 2019
 

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