India's Accord Group and Oman's Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country.
印度雅阁集团（Accord Group）和阿曼石油天然气部（Oman's Ministry of Oil and Gas）签署了一项38.5亿美元的协议，在斯里兰卡建造一座炼油厂，这是该国有史以来最大的对外直接投资项目。
Sri Lankan officials said the 200,000 barrel-per-day refinery will be built on 585 acres near the site of the new Hambantota international port and a related industrial zone on the nation's southern coast.
The refinery, construction of which is expected to begin on March 24 and be completed in 44 months, is set to produce 9 million metric tonnes of refined products a year for export from the Hambantota port, which serves the busiest East-West shipping route.
Privately owned Accord Group will control 70 percent of the joint venture and the Sultanate of Oman's Ministry of Oil and Gas the rest.
Accord's ownership comes through a Singapore investment vehicle which is 90-percent owned by its Silver Park International Pvt Ltd operation.
China Merchants Port Holdings, China Harbour Engineering Corp and other Chinese companies are investors in the port and industrial zone.
China's separate $1.4 billion financing of facilities on reclaimed land near the nation's main Colombo port is currently the island's biggest single foreign direct investment.
The refinery will be Chennai-based Accord's first foray into oil refining. Its current interests include power generation, brewing and healthcare.
The joint venture plans to invest $1.89 billion in share capital and $1.96 billion via loans, the project document seen by Reuters showed.
“With this refinery, our exports will grow by $7 billion per year,” Nalin Bandara Jayamaha, Sri Lanka's deputy minister of development strategies and international trade, told reporters at a news conference in Colombo.
The industrial zone at Hambantota has been delayed by a land acquisition process which has been hit by protests by local residents.
Mangala Yapa, an advisor to Sri Lanka's development strategies ministry, said 200 acres to house the venture's oil tanks were already available and another 385 acres are being acquired, while an environmental impact assessment is underway.
“We are doing a site-specific EIA (environmental impact assessment). Since already there are oil tanks in Hambantota, we do not see any issues,” Yapa said. “We are doing a site-specific EIA (environmental impact assessment).
An official at Singapore-based Silver Park International Pte Ltd confirmed the refinery investment, but declined to comment further. The company has been registered in Singapore since June 2017.
总部位于新加坡的银团国际私人有限公司（SilverParkInternational Pte Ltd.）的一名官员证实了对炼油厂的投资，但拒绝进一步置评。本公司自2017年6月起在新加坡注册。