United Petroleum Australia Pty Ltd has entered into a contract with Sri Lanka’s Ministry of Power and Energy to supply petroleum products into the local market.
The agreement was signed on 22 February by Secretary to the Ministry of Power and Energy Dr. Sulakshana Jayawardena on behalf of the Government of Sri Lanka, and Eddie Hirsch, on behalf of United Petroleum Australia, in his capacity as the owner of the company.
The Australian-owned petroleum retailer and importer has been assigned 150 fuel stations across Sri Lanka, and has also been given the right to build 50 new fuel stations.
Accordingly, United Petroleum Australia incorporated a company in Sri Lanka under the name ‘United Petroleum Lanka Pvt. Ltd.’, to carry out operations within the country, with former Ceylon Petroleum Corporation (CEYPETCO) Board Member Dr. Prabath Samarasinghe having been appointed as the Director and CEO of the company.
This marks the first expansion of the Australian company’s expansion of its retail petroleum outside of Australia, with the company owning over 500 fuel stations across Australia.
