Saudi Arabia has agreed to provide expertise for oil exploration and refining in Sri Lanka following discussions Petroleum and Petroleum Resources Minister A H M Fowzie had with his Saudi Arabian counterpart Petroleum and Mineral Resources Minister Ali Al-Naimi in Riyadh yesterday (23). Saudi Arabia has agreed to cooperate with Sri Lanka in the fields of oil supply, exploration and investments,” Fowzie said.

“We have plans to improve our refining capacity from 50,000 to 100,000 barrels a day and getting Saudi expertise for the proposed expansion will facilitate the successful implementation of the project,” he added.
He also said that Sri Lanka has plans to increase oil imortss from Saudi Arabia from 10 to 30 percent in the near future.

Saudi Minister Al-Naimi said Saudi experts could visit Sri Lanka and offer them the required training in the field of exploration.
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