Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka considering buying crude from Iraq
Sun, Dec 2, 2012, 10:33 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 02, Colombo: The Sri Lankan government is currently considering to buy crude oil from Iraq as an alternative to the crude supply affected by the Us imposed sanctions on Iran.

Sri Lanka's only refinery at Sapugaskanda can process only Iranian crude and obtaining Iranian crude has become problematic.

The government is in the process of negotiating a deal with Iraq to obtain crude oil from that country which is believed to be similar in composition to the Iranian crude, according to a report in Sunday Times.

"Oil in northern Iraq is similar to Iranian crude and could be refined (domestically), thereby reducing costs on the import of refined products," Secretary of the External Affairs Ministry Karunatilaka Amunugama has told the English weekly.

According to Amunugama a senior diplomat has been assigned to conduct discussions at a diplomatic level to ink a potential deal with Iraq.

The Government was also looking at enhancing bilateral trade between the two countries which may include export of tea and ready-made garments to Iraq.

** Related Story :: U.S. exempts Sri Lanka from Iran oil sanctions



ColomboPage - Recent 10 Stories
Canada encourages Sri Lanka to fulfill its commitment to UNHRC on the anniversary of Black July
-- [17 minutes ago]
Sri Lankan PM questions how fighting corruption is political revenge
-- [47 minutes ago]
Government warns plantation companies failing to pay Rs. 2500 wages increment to workers
-- [1 hour and 43 minutes ago]
Two Japanese naval ships arrive at Sri Lanka's Colombo Port
-- [2 hours ago]
Sri Lanka plans LPG imports from Iran again
-- [2 hours ago]
Sri Lanka hopes to restore crude oil imports from Iran
-- [2 hours ago]
President to deposit treasure items in Moragahakanda Kalu Ganga reservoir project tomorrow
Pakistan national carrier confirms talks with SriLankan on leasing four A330s
Sri Lankan President instructs to raise VAT on tobacco and remove private healthcare charges
Sri Lanka Navy seizes 156 kg of Kerala Cannabis abandoned on the northwestern coast

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.