<h1>China Pledges $3.7 Billion for Sri Lanka Oil Refinery in Largest Foreign Investment Boosting Belt and Road Ties.</h1> China has committed to investing USD 3.7 billion in Sri Lanka to construct a state-of-the-art oil refinery, marking the largest foreign investment in the country. This agreement was formalized during the Sri Lankan President's visit to China, where 15 agreements were signed to enhance Belt and Road Initiative cooperation. The refinery, to be built at Hambantota, will have a capacity of 200,000 barrels. This investment comes amid strategic concerns, particularly regarding Chinese research ships in Sri Lankan ports, which have raised India's apprehensions. Sri Lanka reaffirmed its non-aligned foreign policy and support for China's territorial integrity.