Arab Today, arab today sri lanka rejects india’s offer
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

Sri Lanka rejects India’s offer

Arab Today, arab today

Arab Today, arab today Sri Lanka rejects India’s offer

Colombo - Arabstoday

Sri Lanka has rejected an Indian offer to upgrade a refinery that is built to refine only Iranian oil, a minister said on Sunday. Petroleum Minister Susil Premjayantha said the offer to upgrade the Sapugaskanda oil refinery had come from the Indian Oil Corporation (IOC) but Colombo rejected it. He said since IOC already operates a majority of fuel stations in Sri Lanka and as a result increases the fuel prices at will, handing over the refinery to the same company could hurt the local fuel distribution sector, Xinhua reported. Premjayantha said Sri Lanka needs to upgrade the facility to refine oil from other countries as Iran oil imports will be reduced due to US sanctions on Iran. Over 90 per cent of Sri Lanka’s crude oil requirements come from Iran. “We are being compelled to cut our oil imports from Iran because of the US sanctions so we are considering Oman and other countries.” “But to refine the oil we get from other countries we need to upgrade the facilities at the Sapugaskanda because that was built to accommodate only oil from Iran,” he said. He added that about $500 million will be required to upgrade the facilities at the refinery and Sri Lanka will seek expressions of interest to carry out the work.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lanka rejects india’s offer Arab Today, arab today sri lanka rejects india’s offer

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lanka rejects india’s offer Arab Today, arab today sri lanka rejects india’s offer

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday