Sri Lanka, Feb. 11 -- The Cabinet of Ministers has approved call for expressions of interest for the identification and selection of suitable investors for the development and expansion of the Sapugaskanda oil refinery complex.

Speaking during today's (11) Cabinet press conference, Cabinet Spokesman Minister Dr. Nalinda Jayatissa said that although the Ceylon Petroleum Corporation has made various efforts to modernize and upgrade the Sapugaskanda oil refinery both quantitatively and qualitatively to fulfill the demand of the market, all those efforts have not been successful.

Even though Cabinet approval has been granted to establish the Sapugaskanda oil refinery as a public enterprise separate from the Ceylon Petroleum Corporation and ...