United Petroleum Australia Enters Sri Lankan Market

COLOMBO (News 1st); United Petroleum Australia Pty Ltd, a leading petroleum trading company, has signed a contract with the Ministry of Power and Energy to supply petroleum products in the Sri Lankan market.

The contract was signed on February 22, 2024, marking the company’s first expansion outside Australia.

The selection of United Petroleum was based on a Request for Proposal (RFP) issued by the Sri Lankan government as part of its initiative to liberalize the country’s retail petroleum sector.

The company, which owns over 500 fuel stations across the Australian subcontinent, is known for its commitment to quality, safety, and environmental sustainability.

United Petroleum plans to enhance the standards of the retail petroleum sector in Sri Lanka by improving the quality of products and services. The company has been assigned 150 existing fuel stations around the country and has been granted the right to build 50 new fuel stations under its ownership.

To carry out the operations, United Petroleum Australia has incorporated a company in Sri Lanka, United Petroleum Lanka Pvt Ltd. Dr. Prabath Samarasinghe, a former board member of CEYPETCO and a renowned professional in the petroleum industry, has been appointed as the Director and CEO of the company.

The contract was signed by Dr. Sulakshana Jayawardena, the Secretary of the Ministry of Power and Energy, representing the Government of Sri Lanka, and Eddie Hirsch, the owner of United Petroleum Australia, at an event organized by the Ministry of Power and Energy.