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
Doubts raised on Pope's visit to Sri Lanka amid snap presidential polls
-- [5 hours ago]
Opposition MPs say election materials are being prepared in Sri Lanka Port Authority Defense Training School
-- [6 hours ago]
Sri Lanka to appeal to Europe Court of Justice on lower court ruling to lift sanctions on LTTE
-- [6 hours ago]
Browns Hotels and Resorts of Sri Lanka to develop four-star hotel in Maldives
-- [9 hours ago]
India to supply two naval offshore patrol vessels to Sri Lanka - report
-- [9 hours ago]
Sri Lanka police use water cannons and tear gas to disperse university students' march
-- [9 hours ago]
Sri Lanka's Sinhala Buddhist extremist group to contest for the upcoming elections
-- [9 hours ago]
Sri Lanka External Affairs Minister defends ministry secretary against 'unfounded allegations'
Iran calls for expanding politico-economic relations with Sri Lanka
Opposition lawmakers on fact finding mission attacked in Sri Lanka

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.