Sri Lanka to obtain USD 3.6 Bn loan from Oman to purchase petroleum

Sri Lanka to obtain USD 3.6 Bn loan from Oman to purchase petroleum

October 22, 2021   03:48 pm

The Cabinet of Ministers has granted the approval to obtain a loan of USD 3.6 billion from Oman to purchase petroleum, says Energy Minister Udaya Gammanpila.

Delivering a statement issued today (October 22), the minister stated that preparations for agreements are currently underway.

Additionally, a loan facility of USD 500 million is expected to be obtained from India and it has been submitted for the Treasury’s approval, Minister Gammanpila said further.

Speaking further, he said the Central Bank governor has promised to release necessary funds to import fuel required for this month.

The energy minister assured that there will be no fuel shortage in the country.

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

Govt. urged not to close schools again (English)

Govt. urged not to close schools again (English)

President on how global economic challenges can be overcome (English)

Global concerns over Omicron COVID variant continue to mount (English)

NEWS IN BRIEF - 2021.11.27

Gayantha Karunatilleka says govt. can 'explode' just like gas cylinders

President on how global economic challenges can be overcome

State Minister's revelation on LP gas composition

Farmer shows difference between paddy fields cultivated using two fertilizer types