Sri Lanka Signals Early 2026 Timeline for Hambantota SINOPEC Deal

Date:

January 13, Colombo (LNW): Sri Lanka has informed China that the long-anticipated agreement linked to the SINOPEC oil refinery project in Hambantota is expected to be concluded during the first quarter of 2026, according to an official government statement.

The assurance was conveyed by Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath during talks with his Chinese counterpart, Wang Yi, who made a short official visit to the island this week.

The discussions were described as constructive and forward-looking, focusing on deepening bilateral cooperation and reinforcing the two countries’ Strategic Cooperative Partnership.

Both ministers reaffirmed the durability of Sri Lanka–China relations, noting that ties built over centuries of interaction have been further strengthened since the formal establishment of diplomatic relations nearly seven decades ago.

The talks also explored opportunities to broaden collaboration in trade, investment, development assistance and tourism, reflecting shared economic priorities.

Minister Herath expressed Sri Lanka’s gratitude for China’s continued support in the aftermath of Cyclone Ditwah, particularly assistance extended during emergency relief efforts. He also sought additional backing for the next phase of resettlement and reconstruction, with emphasis on restoring critical infrastructure such as roads, railways and bridges essential for economic revival and everyday life.

In response, Minister Wang Yi reiterated China’s willingness to provide strong support for Sri Lanka’s recovery efforts and voiced confidence in the country’s progress under the leadership of President Anura Kumara Dissanayake. He welcomed the government’s people-focused policy direction and expressed optimism about Sri Lanka’s long-term development trajectory.

The statement also confirmed that both governments have agreed to jointly mark the 70th anniversary of diplomatic relations in 2027, signalling continued commitment to cooperation well into the future.

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