header logo
සිංහලதமிழ்
Mogo Academy
Latest
Sri Lanka to procure 450,000 barrels of crude oil from Cyprus
Feb 01, 202210:46 AM
Google NewsAdd on Google
Sri Lanka to procure 450,000 barrels of crude oil from Cyprus
Mobitel Inner

The Cabinet of Ministers has given the go-ahead to purchase 450,000 barrels of crude oil from a Cyprus-based company for the Sapugaskanda Oil Refinery through a 180-day loan scheme.

 

The government stated that the Terra Nevis Group in Cyprus has made an uninvited proposal to supply crude oil required for the refinery.

 

Through this arrangement, the refinery will be able to obtain the necessary crude oil stocks by July 2022.

 

The proposal to supply crude oil under the 180-day loan scheme was evaluated by the Special Standing Procurement Committee appointed by the Cabinet of Ministers and it has recommended supplying a shipment of 450,000 barrels, the government said.

 

Accordingly, the Cabinet of Ministers approved the proposal made by the Minister of Energy to procure crude oil in accordance with that recommendation.

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

“Democracy must be defended from elected leaders” - Former BASL President

“Democracy must be defended from elected leaders” - Former BASL President

Multiple raids conducted at hospitals and medical labs to safeguard public safety

Multiple raids conducted at hospitals and medical labs to safeguard public safety

Cardinal Ranjith files intervening petition seeking dismissal of Suresh Sallay's plea

Cardinal Ranjith files intervening petition seeking dismissal of Suresh Sallay's plea

Negombo Prison clash : Further hearing of case adjourned until July 23

Negombo Prison clash : Further hearing of case adjourned until July 23

Minister Lalkantha asserts no further increase in paddy prices despite farmer protests

Minister Lalkantha asserts no further increase in paddy prices despite farmer protests

Dengue cases rise to 72,430 islandwide as prevention programmes continue in 63 MOH divisions

Dengue cases rise to 72,430 islandwide as prevention programmes continue in 63 MOH divisions

Opposition submits UN complaint over proposal to extend judges’ retirement age

Opposition submits UN complaint over proposal to extend judges’ retirement age

Dengue cases surge with 15,856 reported in first half of July; Gampaha District tops figures

Dengue cases surge with 15,856 reported in first half of July; Gampaha District tops figures

Wimal Weerawansa’s brother remanded over alleged misuse of state-owned vehicles

Wimal Weerawansa’s brother remanded over alleged misuse of state-owned vehicles

Legal gambling can generate significant state revenue - Dr. Harsha de Silva at CoPF

Legal gambling can generate significant state revenue - Dr. Harsha de Silva at CoPF

Negombo Prison Clash death toll climbs to 31; 40 officers assigned to probe unrest, court informed

Negombo Prison Clash death toll climbs to 31; 40 officers assigned to probe unrest, court informed

"If IMF is our hope, do we need a President?" Treasury filled by emptying public's pockets: Dilith

"If IMF is our hope, do we need a President?" Treasury filled by emptying public's pockets: Dilith

“Unreported dengue cases may be much higher” Dengue caseload nears 70,000, deaths at 48

“Unreported dengue cases may be much higher” Dengue caseload nears 70,000, deaths at 48

Lassana Flora