On Sunday (24) Oman’s oil minister, Mohammed bin Hamad Al-Rumhy said that he was excited to be part of a Sri Lanka oil refinery project.
Though the minster denied last week that Oman does not have any involvement in the USD 3 Billion oil refinery project in Hambantota. Which became the country’s biggest foreign direct investment.
Rumhy was joined by Prime Minister Ranil Wickremesinghe at the laying of the foundation stone.
The India-based Accord Group is the primary investor in the refinery project, through a Singapore company it controls.
Prime Minster said at the event that we have multiple investments from multiple countries this shows that Hambantota will become the multinational investment zone.
Sri Lanka, India and China have been competing for political power in Sri Lanka in recent years, with investment a crucial part of the field.
Oman government stats shows that China is the biggest buyer of Omani oil. In January it has been reported that China imported about 80 percent of Oman’s crude exports.