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Leading News from Sri Lanka ::
Sri Lankan President Mahinda Rajapaksa, who is on a state visit to Moscow, had discussions on Monday with the CEO of the oil giant, Alexei Miller on the possibility of Gazprom exploring the offshore oil fields.
"The parties discussed prospects for Russian-Sri Lankan cooperation in the oil and gas sector," the official news agency of Russia Itar-Tass quoted the Gazprom's information department.
"In particular, they focused on Gazprom's possible participation in the development of offshore hydrocarbon deposits in Sri Lanka," it said.
According to the Sri Lankan government, there are eight oil and gas blocs in the Mannar basin off the northwestern coast.
So far, two exploration blocks have been allocated to India and China. However the final decision on which blocks to be given to the two countries has not been made by the government.
Cairn Sri Lanka, a subsidiary of Cairn India received a license in October of 2008 by the Sri Lankan government to explore for oil and gas in the Mannar Basin. It has begun a 3D seismic acquisition in the 1,450-sq km of Mannar basin in December 2009.
US oil giant Chevron-Texaco has also expressed interest in bidding for the offshore oil exploration blocks off Sri Lanka waters.
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Feb 08, Moscow: Russia's largest oil company, Gazprom plans to take part in the exploration of offshore oil in the Mannar basin of Sri Lanka.