Sri Lanka, April 10 -- By Jithendra Antonio
The Hambantota Sinopec Oil Refinery - A Strategic Bet on the Future
In the evolving landscape of global energy trade, few moves are as audacious as Sri Lanka's decision to greenlight a multi-billion-dollar oil refinery in Hambantota. More than an infrastructure project, this refinery signals Sri Lanka's ambition to reposition itself at the centre of global oil supply chains, leveraging its strategic location along one of the busiest maritime routes. The almost US $ 4 billion investment by China's Sinopec is not just a boost to Sri Lanka's industrial ambitions-it is a calculated entry into the high-stakes geopolitical tug-of-war that is redefining global trade and energy security.
For decades, S...