Govt. nod to obtain 450,000 barrels of crude oil from Cyprus

1 February 2022 10:17 am Views - {{hitsCtrl.values.hits}} 6 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The government has approved the plan to obtain crude oil for the Sapugaskanda Oil Refinery by July 2022 from Terra Nevis Group in Cyprus.

The decision was announced today at the weekly cabinet meeting at the information department.

As such, the cabinet minister said that the arrangements have to be made to procure crude oil required for the next cycle.

An uninvited proposal has been forwarded by the Terra Nevis Group in Cyprus to supply crude oil required for the refinery.

The proposal to supply crude oil under the 180-day loan scheme has been evaluated by the cabinet-appointed Special Standing Procurement Committee and it is recommended to supply a 450,000 barrel shipment basically.

The proposal was made by the Energy Minister to procure crude oil in accordance with that recommendation.

Comments - 6

Basil Tuesday, 01 February 2022 12:22 PM

Wow when did cyprus become an oil producing country or an energy hub like Singapore?

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European Tuesday, 01 February 2022 01:50 PM

There must be a friendly connection with Sri Lanka, because Cyprus is wellknown here as a taxparadise for the maffia and other crooked rich businessmen.

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Dee Tuesday, 01 February 2022 02:19 PM

Anything from North Korea?

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Mizaru Tuesday, 01 February 2022 03:45 PM

The next stop to shop for crude oil will be Greece follow by Seychelles. This is the Viyathmaga way.

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Arnold Tuesday, 01 February 2022 03:55 PM

Cyprus is known as a money laundering hub.

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Nightowl Tuesday, 01 February 2022 04:00 PM

Whats the price..

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