RM Parks Inc., a prominent US-based distributor of petroleum products, has recently inked a substantial agreement with the Board of Investment (BoI) in Sri Lanka, totaling a noteworthy U$ 110 million. This strategic partnership aims to introduce Shell products to the Sri Lankan market, marking a significant expansion in the country’s petroleum industry.

Under the terms of the agreement, RM Parks Inc. and Shell will join forces to establish and operate 200 fuel stations across Sri Lanka. Going beyond conventional fuel services, this collaboration will also deliver an enhanced customer experience by incorporating mini-supermarkets at these locations. Furthermore, the initiative aligns with the growing trend towards sustainable energy solutions, as the fuel stations will be equipped with electric vehicle (EV) charging facilities.