Sumith Wijesinghe, Chairman of the Ceylon Petroleum Corporation (CPC) says that there is no risk of the Sapugaskanda Oil Refinery being closed as Singapore has agreed to supply crude oil to Sri Lanka on a loan basis.
He said that crude oil would be procured from Singapore in six stages under an agreement to settle the debt within 180 days.
He also said that the Sapugaskanda oil refinery will be able to continue operations as the stocks of crude oil will reach Sri Lanka by mid-January.