A long-awaited refinery agreement is moving closer, signaling deepening China–Sri Lanka ties, renewed investor confidence, and a fresh push for post-disaster economic recovery.
Sri Lanka and China are preparing to finalize an agreement on the Hambantota Sinopec Oil Refinery Project in the first quarter of 2026, following high-level talks between senior officials from both countries. The discussions took place during a brief official visit to Sri Lanka on January 12 by Chinese Foreign Minister Wang Yi, who met with Sri Lankan Foreign Minister Vijitha Herath to review the next phase of bilateral cooperation.
According to officials, the talks focused not only on finalizing the Hambantota oil refinery investment but also on strengthening the broader strategic partnership between Sri Lanka and China. Emphasis was placed on long-term economic development, trade expansion, foreign investment flows, and infrastructure growth, with the refinery project seen as a key pillar of future energy security.
A statement issued by Sri Lanka’s Ministry of Foreign Affairs, Foreign Employment and Tourism said both governments reaffirmed their decades-long friendship and agreed to jointly mark the 70th anniversary of diplomatic relations in 2027. Officials also reviewed cooperation in tourism promotion, infrastructure financing, and post-Cyclone Ditya reconstruction. China offered continued assistance for rebuilding damaged roads, bridges, and railway networks, reinforcing its role in Sri Lanka’s recovery efforts.
During his visit, Minister Wang expressed admiration for Sri Lanka’s natural beauty while touring selected locations with Minister Herath. He said the visit was intended to signal that Sri Lanka remains a safe and attractive destination for international travelers and investors. Wang also voiced confidence in the country’s economic recovery under President Anura Kumara Dissanayake, reaffirming Beijing’s commitment to infrastructure development and energy sector investment.
The talks underline China’s long-standing engagement in Sri Lanka, particularly in large-scale infrastructure and energy projects. Both sides stressed the importance of deepening cooperation, strengthening trade and investment frameworks, and supporting sustainable economic growth.
Following the meetings, Minister Wang departed from Katunayake International Airport for Beijing, concluding a short but strategically significant visit.
