Director of United Petroleum Lanka Private Limited in Sri Lanka Dr. Prabhat Samarasinghe said.

He said that United Petroleum Lanka Pvt Ltd made a deal with Sri Lanka's Board of Investments (BoI). This deal is part of an agreement with the Power and Energy Ministry to supply petroleum products in Sri Lanka.

United Petroleum Australia has created a company in Sri Lanka called United Petroleum Lanka Private Limited.

This company will take over 150 existing gas stations and has permission to build 50 new ones under United's name.

The total investment for this project will be around 300 million USD. To start, they will invest 12 million USD, with plans to invest the rest within a year