Discover the Benefits of Buying and Exporting Refined Petroleum from Sri Lanka with Wigmore Trading

Are you in search of a reliable source for refined petroleum? Look no further! Wigmore Trading is here to unveil the hidden treasures of Sri Lanka’s oil industry. In this blog post, we will take you on an exciting journey towards discovering the incredible benefits of buying and exporting refined petroleum from this enchanting island nation. From its top-notch refineries to its strategic geographical location, Sri Lanka boasts a plethora of advantages that make it an irresistible choice for your petroleum needs. So, gear up as we delve into the world of opportunities awaiting you with Wigmore Trading and Sri Lanka’s refined petroleum exports!

What is Refined Petroleum?

Refined petroleum products are products that have been refined from crude oil. They can be used for a variety of purposes, including fuel, plastics, and chemicals. Refining removes impurities from the crude oil, making it a more usable product.

There are several different types of refined petroleum products. The most common is gasoline. Gasoline is made from crude oil that has been distilled and then compressed into a liquid form. It is then distributed through various channels, including gas stations and trucks.

Other types of refined petroleum products include diesel fuel, heating oil, kerosene, jet fuel, and asphaltum. Diesel fuel is made from crude oil that has been processed intodiesel-blendstock. Heating oil is made from crude oil that has been blended with other oils to create a product that can be used in the heating system of homes or businesses. Kerosene is made from crude oil that has been blended with asphaltum to create a product that can be used as an engine fuel or in lamps. Jet fuel is made from aviation gasoline and kerosene and is used in planes and helicopters. Asphaltumis a type of petroleum productthat is used to make rubber and plastic materials

Where is Refined Petroleum from in Sri Lanka?

Refined petroleum is a by-product of the oil and gas industry. It is made up of refined crude oil and gas liquids. These are separated from the crude oil during the refining process, and can be used in various products.

Sri Lanka has a long history of oil production, dating back to the 1930s. Currently, the country produces around 230,000 barrels per day (bpd) of refined petroleum. This output is expected to grow over the next decade as new projects come online. The majority of Sri Lanka’s refined petroleum is exported, with Japan being the largest customer accounting for 45% of total exports in 2016. Other major buyers include China (14%) and India (10%).

Why is Refined Petroleum important to the Sri Lankan economy?

Refined petroleum is an important part of the Sri Lankan economy. It provides fuel for transportation, manufacturing, and energy needs. It is also used in the production of many other products. In 2013, refined petroleum exports were worth $1.4 billion. This makes it one of the country’s most valuable exports.

The refining process of petroleum requires a lot of knowledge and expertise. The process begins with crude oil that has been extracted from the ground. It is then processed and refined into different types of products. Refining plants use a variety of techniques to transform this crude oil into gasoline, jet fuel, diesel fuel, kerosene, and other fuels.

Sri Lanka has several refineries that can handle different types of crude oil. These refineries are located in Colombo, Kandy, Galle, Hambantota, Jaffna, and Trincomalee. Wigmore Trading is one of the leading exporters of refined petroleum from Sri Lanka. We offer a wide range of products such as gasoline, diesel fuel, kerosene, and propane gas. We also export industrial grade lubricants and raw materials used in the production of these products.

How can Wigmore Trading help you buy and export Refined Petroleum?

Sri Lanka is a producer of refined petroleum products, with a refining capacity of 1.2 million barrels per day. The country’s refineries are located in Colombo and Ampara. Wigmore Trading offers a variety of services to help buyers and exporters buy and export refined petroleum products from Sri Lanka.

Buyers can contact Wigmore Trading to discuss their needs and find the best possible product mix for their specific export plan. Wigmore Trading can also provide market analysis, logistical support, and negotiated pricing. Exporters can contact Wigmore Trading to learn about available refining capacity and negotiate pricing based on projected demand.

Refined petroleum products play an important role in Sri Lanka’s economy. They are used in automotive fuel, industrial chemicals, plastics, fertilizers, and other products. Exports have increased over the past few years as the country has developed new refineries and expanded its refining capacity. The growth in exports has helped reduce Sri Lanka’s dependence on oil imports, which has alleviated concerns about supply disruptions or price spikes.

What are the benefits of buying and exporting Refined Petroleum from Sri Lanka?

Refined Petroleum is a valuable commodity that can be exported from Sri Lanka. There are a number of benefits to buying and exporting refined petroleum from Sri Lanka, including increased revenue and improved foreign exchange reserves.

Increased Revenue

Buying and exporting refined petroleumfrom Sri Lanka can lead to an increase in revenue. Depending on the type of product being exported, the value of refined petroleum can be high. For example, export of diesel oil can bring in up to $60 per barrel. This means that a company that buys refined petroleum from Sri Lanka can make a large profit if the price of diesel oil is high.

Improved Foreign Exchange Reserves

Another benefit to buying and exportingrefined petroleumfrom Sri Lankais improved foreign exchange reserves. By selling refined products overseas, a country’s currency strengthens against other currencies. This means that the country has more money available to use in other areas such as trade or investment. In addition, it helps reduce reliance on imports, which can be beneficial in terms of stability and security.