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"There were only two bidders shortlisted and Vitol (of Singapore) pulled out. That leaves only Sinopec and we will finalise an agreement with them in a couple of weeks," Wijesekera told reporters here. ....
Sri Lanka is set to award a multi-billion dollar oil refinery project to a Chinese state-owned company after a rival bidder pulled out, the energy minister said Tuesday. Sri Lanka had originally awarded the project, which has an estimated cost of $3.85 billion, to an Indian family-owned company based in Singapore in 2019. ....