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's Cargills to open island's largest multi-product dairy processing plant in Western Province
-- [3 hours ago]
Sri Lankan government removes duty imposed on items brought by migrant workers
-- [3 hours ago]
India, Sri Lanka navies to conduct Joint Ocean Survey
-- [3 hours ago]
Sri Lanka Finance Minister says trustworthy environment built in the country to attract foreign investments
-- [4 hours ago]
Sri Lanka Navy earns Rs 3 billion from Galle maritime security operations
-- [5 hours ago]
Sri Lanka Navy arrests 12 Indian fishermen for poaching in island waters
-- [5 hours ago]
Sri Lanka asks developed world to assist developing countries in meeting challenges of climate change
-- [6 hours ago]
US air strike kills high-profile al Qaeda terrorist leader responsible for 2009 attack on Sri Lanka cricket team in Pakistan
-- [7 hours ago]
Indian Tamil parties except BJP welcome actor Rajinikanth cancelling visit to Sri Lanka
-- [8 hours ago]
Attempts to manipulate Hambantota Port deal - CaFFE

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.