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
New bridge over Kelani River to link Sri Lankan capital and airport expressway
-- [7 hours ago]
First informal meeting on Sri Lanka at UNHRC 30th session on September 17
-- [7 hours ago]
Former ITN chief to appear before presidential CoI Monday
Omanthai check point in northern Sri Lanka removed
Sri Lanka's AkzoNobel Paints garners Silver Awards at SLIM NASCO 2015
Former Sri Lankan government paid US$ 6.2 million to fundraiser for Obama to influence U.S. - report
PM instructs to expedite paddy purchasing process as a bumper crop is expected
Sri Lanka main Tamil party lays claim to opposition leader post in parliament
Sri Lanka President to totally ban the production and importation of asbestos in 2018
Shareholders approve Sri Lanka's DFCC Vardhana and DFCC banks merger

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.