News

Iraq offers oil to Sri Lanka

By Bandula Sirimanna

War-torn Iraq is offering to supply substantial quantities of fuel to Sri Lanka as the noose tightens on continued flows from Iran, Sri Lanka’s main fuel supplier, with supply stopping on March 29.

Petroleum Ministry officials said yesterday Sri Lanka would stop crude oil imports from Iran from March 29, ahead of the US June 28th deadline. Any country importing goods from Iran after would be subject to US penalties.

They said fuel purchases from Iraq, Saudi Arabia and Oman were options Sri Lanka was looking at. Sri Lanka has depended almost entirely on Iran for its crude oil supplies importing 93 %of its requirement from Iran with the country's only refinery at Sapugaskanda able to process only Iranian crude. However one official explained that Sri Lanka had started purchasing Saudi Arabian Light Oil instead of Iranian Light Oil.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other News Articles
Government lifts SriLankan Airlines
D-Day in Geneva, both sides battle hard
Colombo Museum burgled
Lanka boycotts C’ wealth Day reception
Iraq offers oil to Sri Lanka
SF can’t be tried before 2 courts for the same offence: HC Judge
Fashion stars behind bars
Fisher families return to safe-zone Nandikadal
Police used brutal force on a peaceful rally, MPs say
Matale man sold dog meat, saying it was venison
Day-to-day hardship killing voter enthusiasm for polls
Detective journalist busts doctorate racket
GMOA to strike for increased transport allowance
Army, Police claim ‘mistaken identity’ while victim insists he was target
ASP’s arrest is biggest bribery case in 10 months
Switch on to conserving electricity by switching off
Two new Lichens from Horton Plains
Zoo probes unfortunate death of Rosi the camel
Consider the children
PS member questioned by CID
Mahamodera (PBU) to undergo long overdue facelift
Bodies of mother, child flown back to UAE sans postmortem
Luxury buses running low on comfort
Collated results of research bring new hope of ridding deadly scourge: Health official
Unpopular prawns cause major profit loss

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2012 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution