CHATURANGA PRADEEP SAMARAWICKRAMA Reply To:
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Long-term contract for purchase of three stocks of crude oil
The government has decided to purchase three shipments of crude oil during the period January 15, 2024 to June 6, 2024.
Accordingly, bids have been called to award a long-term contract for the purchase of crude oil under the methodology of payment at 100% issuance from stored tank basis.
Two bids in this connection have been received.
However, Cabinet approval was granted to a proposal by the Power and Energy Minister to award the relevant procurement to M/s Vitol Asia Pte. Ltd. of Singapore, subject to the recommendation submitted by the special fixed procurement committee appointed by the Cabinet in regard to the said bids. (Chaturanga Pradeep Samarawickrama)
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