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Sri Lanka’s proposed US$3.7 billion petroleum refinery investment in Hambantota has reached a critical turning point, following a recommendation by a Cabinet-appointed negotiating committee to terminate the existing agreement with Chinese petroleum giant Sinopec and invite fresh international investment proposals. The recommendation raises important questions about the country’s ability to attract large-scale foreign investment without […] The post US$3.7 Billion Refinery Deal Faces Fiscal Sovereignty Test appeared first on Lankanews.lk .

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