Tag Archives: Sri Lanka

Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter the South Asian island country’s retail fuel market as it struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval. The contract agreement would enable Sinopec 386, -0.39% to import, store, distribute and sell …

As Sri Lanka faces its worst economic crisis in seven decades, an energy catastrophe is looming for the country. Without the rapid formation of a new government that can introduce an interim budget and financial reforms, as well as financial support from neighboring countries, the country could soon run out …

Cash-strapped Sri Lanka took delivery on Saturday of Russian oil — which could soon be subject to a European embargo — to restart operations at the country´s only refinery, the energy minister said. The island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other …

Sri Lankan Energy Minister Udaya Gammanpila emphasized developing bilateral cooperation with Iran. Speaking in a meeting with CEO of Tehran Oil Refining Company Hamed Armanfar, Gammanpila referred to Tehran-Colombo common interests, expressed satisfaction over bilateral cooperation, and stressed the importance of maintaining technical, engineering, and economic interactions in oil and …

Work on a massive project has been accomplished and it is ready for the opening ceremony. the CEO of a major Iranian contractor company said.

Sri Lankan ministers. in a cabinet meeting. highlighted that the South Asian country is in serious need for resuming its trade ties with Iran if the country is wishing to keep its tea industry alive.

Iran’s offer comes as Chinese. Middle East and Russian companies are in ``preliminary discussions`` to build a 100.000 bpd refinery for CPC.

Iran and Sri Lanka enjoy long-lasting experience in political. economic and diplomatic cooperation.

Gas extraction from the giant South Pars field in the Persian Gulf has exceeded 550 million cubic meters per day.

Iran is using the full capacity of its ports and export terminals in Mahshahr. Asalouyeh. Lavan and Bandar Abbas.