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Global leading law firm Herbert Smith Freehills has advised Sinopec Fuel Oil on the signing of a long term contract for importation, storage, distribution and sale of petroleum products in Sri Lanka. The deal marks Sinopec's entry into the country's retail fuel market.

全球领先的律师事务所史密夫斐尔为中国石化燃料油销售有限公司及其关联公司与斯里兰卡签署石油产品进口、储存、分销和销售的20年长期合同提供法律服务。该笔交易标志着中国石化成功进军斯里兰卡成品油市场。

The signing ceremony took place at the Presidential Secretariat on 22 May 2023, with representatives from both the Sri Lankan Government and executives of the Ceylon Petroleum Corporation and Ceylon Petroleum Storage Terminals Limited, as well as Sinopec in attendance.

Under the terms of the agreement, Sinopec has a 20-year right to operate 150 existing fuel stations and will also be able to invest in 50 new fuel stations.

Herbert Smith Freehills partner and head of the China energy practice Monica Sun led the team advising Sinopec on the deal, supported by Beijing associates Qiujie Tan and Linda Gao.

"We are delighted to have advised Sinopec on achieving this ground-breaking deal," said Monica. "This transaction is one of the latest global investments by Sinopec on which we have advised."

签字仪式于2023年5月22日在斯里兰卡总统秘书处举行。斯里兰卡政府代表、锡兰石油公司和锡兰石油储存码头有限公司以及中国石化的高管出席了签字仪式。

根据协议,中国石化获得斯里兰卡150座现有加油站的特许经营权,以及未来新建50座加油站开发权。

史密夫斐尔律师事务所合伙人兼中国能源业务主管孙晔率领律师团队为中国石化就该笔交易提供法律服务,主要团队成员包括谭秋婕(Associate)和高未淼(Associate)。

孙晔表示:“我们很荣幸能够为中国石化提供法律服务,助力其完成这笔具有开创意义的交易。这是我们再一次助力中国石化完成全球投资。”

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Monica Sun photo

Monica Sun

Partner, Beijing

Monica Sun

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Sally Greig

Head of Communications, Asia

Hong Kong

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Vivian Huang

Communications Manager, China

Beijing