Talks with UAE, Iran on procuring petroleum for SL on long-term credit facility

Talks with UAE, Iran on procuring petroleum for SL on long-term credit facility

August 26, 2021   03:37 pm

Sri Lanka is currently looking to procure crude oil and petroleum products from Iran and the United Arab Emirates (UAE) on a long-term credit facility.

Minister of Energy Udaya Gammanpila has met with the diplomatic heads of the respective countries to Sri Lanka on Monday (Aug. 23).

Accordingly, Ambassador of Iran Hashem Ashjazadeh and Acting Head of the Embassy of the UAE Saif Alanofy have held separate discussions with the minister to discuss the matter.

The lawmaker tweeted that the decision to obtain crude oil and petroleum products on long-term credit facility comes as a solution to the prevailing foreign exchange crisis.

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Widespread flooding wreaks havoc in Sri Lanka; Colombo residents also affected (English)

Widespread flooding wreaks havoc in Sri Lanka; Colombo residents also affected (English)

Sri Lanka Air Force airlifts supply materials to displaced individuals in remote areas (English)

CEB may take up to a month to fully restore electricity supply to entire country (English)

Sri Lanka receives international help for rescue and relief efforts in the aftermath of 'Cyclone Ditwah' (English)

🔴LIVE | Ada Derana Prime Time News Bulletin

Indian relief team and supplies arrive in Sri Lanka to assist flood victims (English)

Cyclone 'Ditwa' moves away from Sri Lanka; Intermittent showers to continue (English)

Manusath Derana-Dialog flood relief operation continues for second day (English)