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

Minister Bimal claims substandard coal import not the govt’s fault, but company's (English)

Minister Bimal claims substandard coal import not the govt’s fault, but company's (English)

Indictments served on Energy Minister Kumara Jayakody; granted bail by court (English)

38,000 MT of diesel and petrol to arrive in Sri Lanka from India tomorrow (English)

🔴LIVE | Ada Derana Prime Time News Bulletin

Russia agrees to supply refined fuel to Sri Lanka following talks - official (English)

QR code to be introduced for 'non-vehicle' category to obtain fuel - Ministry of Digital Economy (English)

CID ordered to produce former SIS chief Suresh Sallay before court on April 22 (English)

Ada Derana Prime Time News Bulletin