3tonnes per day oil expeller in sri lanka

                                               
                                               
                                               
                                               
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  • How much oil is in Sri Lanka?
  • The law aims to provide the legal framework for all upstream processes in Sri Lanka, including the provision of operational guidelines. Based on data acquired from seismic surveys, the government estimates that there are over one million barrels of oil resources in a 30,000 square kilometer area in northern waters.‌
  • Can international companies import and sell petroleum products in Sri Lanka?
  • In July, the government decided to allow international companies to import, distribute, and sell petroleum products in Sri Lanka. Also in July, the Ministry of Power and Energy issued a request for Expressions of Interest (EOI), marking the first opportunity for new company to enter the Sri Lankan market since 2004.‌
  • Does Sri Lanka need a new refinery?
  • Oil Refinery and Pipeline: Sri Lanka’s only refinery and the main port-to-refinery pipeline are in urgent need of upgrading and expansion. The state-owned Ceylon Petroleum Corporation (CPC) runs the Sapugaskanda refinery and plans to modernize the existing refinery and build a new one have been discussed for several years.‌
  • Is Sapugaskanda Oil Refinery a viable option for Sri Lanka?
  • Output from the Sapugaskanda oil refinery meets 40 percent of Sri Lanka’s demand for refined fuels, while the government imports 60 percent of the refined fuels consumed domestically. A feasibility study was carried out in 2021, however the government has yet to publish a Request for Proposals (RFP).‌
  • When did oil exploration start in Sri Lanka?
  • Oil Exploration: Petroleum exploration in Sri Lanka began approximately 40 years ago, but the first international licensing round was held in 2007 for three exploration blocks (M1, M2, and M3) and one exploration block was awarded in 2008 to Cairn Lanka Pvt Ltd, a subsidiary of Cairn India.‌
  • How much oil & gas is in the Mannar bay?
  • For the first time, two natural gas discoveries were made in two out of the three wells drilled in Block M2 by Cairn in 2011. It is currently estimated that the Mannar Bay may hold around $200 billion worth of oil and gas resources.