CPC to build new storage facility at Hambantota International Port

Hambantota International Port Group (HIPG) and the Ceylon Petroleum Corporation (CPC) signed a Memorandum of Understanding (MoU) to develop Hambantota Port as a strategic energy centre in Sri Lanka.

As part of the agreement, CPC will establish a separate storage terminal 15 km from the port with associated facilities for both domestic and export purposes connected to the port via a pipeline.

State-entity CPC, which provides the majority of petroleum products to local consumers, has identified a land area of approximately 50 acres owned by Sri Lanka Mahaweli Authority for the project.