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
Sri Lanka Customs nab four attempting to smuggle gold worth Rs. 2.1 million
-- [4 hours ago]
Landless Elpitiya residents to receive title deeds on minister's birthday today
-- [5 hours ago]
Elections Commission says drafting 2017 electoral register completed, public urged to check the register
-- [5 hours ago]
Court rejects appeal to recall warrant issued against Sri Lanka's fugitive ex-diplomat
-- [5 hours ago]
Prime Minister pledges to recruit 20,000 unemployed graduates as development assistants
-- [6 hours ago]
Qatar Airways announces additional daily non-stop flights to Colombo from 1 September
-- [7 hours ago]
China's Sinosure supports LAUGFS Gas financing facility
-- [7 hours ago]
Sri Lanka Cabinet of Ministers accused of planning to curtail powers of Auditor General
Sri Lanka Army's annual defense seminar this year to focus on countering violent extremism
Sri Lanka government moots a tax on soft drinks based on sugar content

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.