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Sri Lanka to build 100,000 barrels per day refinery with India’s IOC (Relevant for GS Prelims, GS Mains Paper II)

Sri Lanka will build a second refinery in Trincomalee in Northern Sri Lanka with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp.

Comparison with China
India has been vying for major projects in the island nation where China has secured multi-billion dollar infrastructure projects  including a $1.4 billion high-end property development and others ranging from a coal plant to ports.

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