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Ceylon Petroleum Corporation (CEYPETCO) (Sinhala: ලංකා ඛනිජ තෙල් නීතිගත සංස්ථාව Laṃkā Khanija Thel Nīthigatha Saŋsthāva) is the national oil and gas company of Sri Lanka.It was set up as a state enterprise by Act. No. 28 of 1961 in parliament and further amendments carried out subsequently. ceylon petroleum corporation [cap. 220 chapter 220 ceylon petroleum corporation acis nos-28 of 1961, 5 of 1963. 18 of 1965, laws nos.50ofl973, 2 of 1976. an act to provid e for th establishment of a corporation'to carry on Iran has agreed to build a new oil refinery for Sri Lanka in addition to upgrading its ageing 50,000 barrel per day (bpd) state-owned refinery, Sri Lankan cabinet spokesman Rajitha Senaratne said

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