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
Swiss national sailing solo around the world crashes near southern Sri Lanka
-- [45 minutes ago]
Sri Lanka to rehabilitate four sugar plants to boost local production
-- [1 hour and 59 minutes ago]
Considerable increase in number of tourists visiting botanical gardens in Sri Lanka
-- [2 hours ago]
Sri Lanka main opposition urges government to curb rising crime
-- [2 hours ago]
Sri Lankan President discusses ICAPP arrangements
Fairfax Asia buys 78% stake in Sri Lanka insurer
Two major Sri Lankan drug racketeers live in Peshawar, Sri Lanka police say
Chairman of Sri Lanka Broadcasting Corporation proposes moves to streamline the national radio
Coalition parties of Sri Lankan government raise concerns over ruling alliance's path
Korean language proficiency test for Sri Lankan applicants in October

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.