Global Trade Alert
Global Trade Alert

Sri Lanka: Nationalisation of the local arms of Royal Dutch Shell

Announcement

03 Nov 2010

In November 2010, the government of Sri Lanka announced altered domestic business conditions for foreign investors.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

03 Nov 2010

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On November 3, 2010, the government of Sri Lanka bought back for USD 63 million the 51 per cent stake of Shell Gas Lanka and the 100 per cent stake of Shell Terminal Lanka owned by the Anglo-Dutch oil...

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