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Saturday, January 28, 2012 - 13.43 GMT

Oman to help Sri Lanka on oil and gas needs


Sultanate of Oman has assured that it was prepared to help Sri Lanka to meet its gas and oil needs in the event of a fuel crisis brought on by the United States sanctions on Iran's oil exports.

In a discussion with Sri Lanka's Petroleum Industries Minister Susil Premajayantha Thursday, Petroleum Minister of Oman Dr. Mohamad Bin Hamad Al-Rumhi who is on a two-day official visit to Sri Lanka has assured that his country is ready to support Sri Lanka to avert a fuel crisis.

An Omani delegation led by the Minister Al-Rumhi arrived in Colombo Thursday (26) to explore the investment opportunities in Sri Lanka.

The visiting Minister of Oman also met Economic Development Minister Basil Rajapaksa Thursday to discuss business and investment opportunities in the island.

Impressed with the progress Sri Lanka has made in the tourism, agriculture and investment sectors Dr. Al-Rumhi has noted that an environment conducive to investments prevailed in the island.

Sri Lanka presently receives a four-month Iranian oil credit facility at a concessionary interest rate to meet its crude oil requirements.






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Last modified: January 29, 2012.

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