China Petroleum & Chemical Corp, China's largest oil refiner, announced its official entry into Sri Lanka's fuel retail market on Monday, during the felicitation event for local distributors held in Colombo.

This momentous occasion also marked the commencement of fuel supply to Sri Lanka's filling stations. Under the agreement inked between Sinopec and the Ministry of Power and Energy of Sri Lanka, Sinopec has secured a 20-year license to franchise 150 existing filling stations throughout Sri Lanka and invest in an additional 50 filling stations.

With an annual production capacity exceeding 250 million tons, Sinopec is committed to giving full play to its advantages, providing stable, sustained and high-quality oil products to the country, it said.

Sinopec will embark on a site transformation project as agreed with the dealers, upgrading facilities and equipment to improve the ambiance of Sri Lankan filling stations step by step, ensuring their safe and seamless operation.

Simultaneously, Sinopec will innovate its service concepts, introduce trilingual customer service, improve the service quality of filling stations, and optimize the service experience of consumers, it said.