📝 Summary

Sri Lanka’s decision to move towards cancelling the proposed US$3.7 billion Sinopec petroleum refinery agreement in Hambantota has exposed a fundamental contradiction in the country’s economic recovery strategy: the urgent need to attract massive foreign investment versus the responsibility to protect national revenue, domestic industries and long-term energy security. The Cabinet Appointed Negotiating Committee (CANC), […] The post US$3.7 Billion Refinery Collapse Exposes Sri Lanka’s Investment Dilemma appeared first on Lankanews.lk .

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