Iran exports $520m technical services to Sri Lanka - Mehdi
November 9, 2010 07:18 am
Iran carried out $520 million of technical and engineering services in Sri Lanka, the Iranian Commerce Minister Mehdi Ghazanfari said on Monday. During his meeting with the Sri Lankan Foreign Affairs Minister Gamini Lakshman Peiris, Ghazanfari declared Tehran’s readiness to boost economic cooperation with Colombo, IRNA News Agency reported.
During the meeting the two sides discussed construction of a new oil refinery
in Sri Lanka by Iranian
experts, exporting Iranian LNG to Colombo,
and boosting tourism.
For his part Gamini Lakshman Peiris thanked Iranian experts for carrying out
projects in Sri Lanka and
called for expansion of economic ties between Tehran
and Colombo.
The 9th Joint Economy and Trade Cooperation Committee meeting between Iran and Sri Lanka, was held on 13-15
September.
In the meeting the two countries commerce ministers signed six MOUs and
cooperation agreements in the fields of customs, sisterhood between Shahid
Rajaei and Colombo
ports and acceptance of each other’s maritime certificates.
Also in this meeting agreements were made between the two countries in the
fields of science, culture, art and standardization.
An increase in trade, holding international exhibitions, enhancing maritime relations
and implementing engineering and technical projects were among other agendas
during the meeting.
In April 2008, Iran began
work in several infrastructure development projects in Sri Lanka, all
part of a $1.5 billion loan to the South Asian island. These projects included
doubling the oil refinery capacity of Sri Lanka’s Sapugaskanda refinery
as well as building a 100-megawatt hydropower project and irrigation plan in
Uma Oya. In June 2009, the country signed a $106 million agreement with an Iranian
firm to provide electricity to roughly 1,000 villages in Sri Lanka