KELUM BANDARA 
Reply To:
Name - Reply Comment
Plan goes awry with Nigeria, South Sudan throws open gate
Sri Lanka's plan to purchase fuel from Nigeria has gone awry because of restrictions in crude oil imports in that country and prior registration requirement for refined products deals, Daily Mirror learns.
In its attempt to secure petroleum products at lower rates, the Ceylon Petroleum Corporation (CPC ) wrote to the authorities of the oil producing African countries such as Nigeria and South Sudan.
However, Nigeria has stopped crude oil exports. According to a CPC source, prior registration with relevant suppliers dealing with the Nigerian producers are needed to purchase refined products and it takes a long time.
As a result, the CPC finds it difficult to purchase oil from Nigeria at the moment.
In the meantime, South Sudan has responded to Sri Lanka for cooperation in this sector. The Sudanese government has invited Energy Minister Kumara Jayakodi for a visit to negotiate fuel purchases. However, no firm decision has been made by the Sri Lankan authorities on the visit.
Comments - 3
Recommended
You May Also Like
Trending
