Ceylon Petroleum Corporation((CPC) Legal Notice

ENERGIZING THE FUTURE

Sapugaskanda Oil Refinery Exapnsion and Modernization (SOREM) Project

Existing Refinery built in 1969 is a Hydro-Skimmin Refinery and original design capacity was 35,000 bbl/d. A limited capacity expansion has been carried out thereafter and the present processing capacity is 50,000 bbl/d to meet the domestic requirement of Petroleum fuel. New conversion processes will be added to upgrade residual oil which has low market value while aiming to produce current environmental compliance fuels. On completion of the project will enable to save a substantial amount of foreign exchange to the country.

The project office of the Sapugaskanda Refinery Expansion and Modenization (SOREM) project was declared open by Hon. Minister of Petroleum and Petroleum Resources Development A.H.M. Fowzie on 20th February, 2009 at Sapugaskanda Refinery premises with the participation of Hon. Minister Duminda Disanayake, Mr. W.B. Ganegala Secretary to the ministry, Major General Asoka Thoradeniya, chairman / Managing Director of CPC and other officials of the organization.

Last Updated:20th February 2009

Sapugaskanda Oil Refinery Exapnsion and Modernization (SOREM) Project

	The Project	Existing Refinery built in 1969 is a Hydro-Skimmin Refinery and original design capacity was 35,000 bbl/d. A limited capacity expansion has been carried out thereafter and the present processing capacity is 50,000 bbl/d to meet the domestic requirement of Petroleum fuel. New conversion processes will be added to upgrade residual oil which has low market value while aiming to produce current environmental compliance fuels. On completion of the project will enable to save a substantial amount of foreign exchange to the country.

	Funds	The project is expected to Finance by government of Islamic Republic of Iran through a concessionary loan package as per the heads of agreed signed in April, 2008

	Project Office	The project office of the Sapugaskanda Refinery Expansion and Modenization (SOREM) project was declared open by Hon. Minister of Petroleum and Petroleum Resources Development A.H.M. Fowzie on 20th February, 2009 at Sapugaskanda Refinery premises with the participation of Hon. Minister Duminda Disanayake, Mr. W.B. Ganegala Secretary to the ministry, Major General Asoka Thoradeniya, chairman / Managing Director of CPC and other officials of the organization.

	Consultant	The FEED works is expected to be commenced with the assistance of internationally reputed consultancy firm soon after the project office is become operative. Land acquisition for the additional land area needed for the project is now nearing completion.