Sri Lanka authorities seek cheap oil from the UAE

Sri Lanka authorities seek cheap oil from the UAE
Sri Lanka authorities seek cheap oil from the UAE

Sri Lanka, which is facing an acute shortage of foreign currency, has announced that it is seeking cheap oil from the United Arab Emirates.

Sri Lankan Foreign Minister Gamini Lakshman Peiris contacted the UAE Minister of Industry and Advanced Technology Sultan Al Jaber, on the sidelines of the United Nations General Assembly meetings in New York to reach a special agreement, according to a ministry statement.

According to the ministry, Peiris explained that “the challenges that Sri Lanka is currently facing in terms of its external budget due to the Covid-19 pandemic.” The statement indicated that “the minister focused in particular on the country’s oil needs and requested concession agreements from the Emirates, which said it was happy to provide assistance.”

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Sri Lanka authorities seek cheap oil UAE

 
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