Lanka’s oil supplies hang in the balance
View(s):Sri Lanka is currently in discussion with its key oil suppliers and governments in a bid to ensure the stability of supplies from April onwards.
Sri Lanka currently has sufficient stocks of fuel to last a month with refined oil available upto April and crude oil stored upto June, Ceylon Petroleum Corporation (CPC) Chairman D. A. Rajakaruna told the Sunday Times Business.
Colombo has the capability of storing fuel adequate for just a month, he said adding that at the moment authorities are in discussion with the 14 oil suppliers to the country. In addition he noted that given the grave concerns due to the halting of shipments from West Asia it was noted that they were in talks with certain governments as well.
“We are working on that we don’t know the future,” Mr. Rajakaruna said.
On Wednesday night, he noted they had been confirmed of their shipment scheduled for March 11.
He noted that the non availability of vessels to obtain future stocks was the main concern at present.
Considering the volatile situation in the Gulf region, with the war breaking out between US –Israel and Iran, Mr. Rajakaruna said they are still planning on their future supplies and noted that they are not yet ready in securing their supplies.
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