Sri Lanka still owes US $ 390 million to Chinese company for fuel supplies: Chinese Ambassador

26 April 2022 08:09 am - 11 - {{hitsCtrl.values.hits}}

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In a controversial disclosure, China's Ambassador Qi Zhenhong said Sri Lanka still owes US $ 390 million to PetroChina Company Limited for the supply of 12 shipments of diesel and petrol from July, last year to January, this year.

In an interactive dialogue with a group of journalists in Colombo, the ambassador said the Chinese company, one of the largest in the world in the field, supplied fuel at a competitive rate to Sri Lanka through an international bidding process.

The company supplied 19 shipments during the period, but payments were made only for seven,” he said in response to a question. He said he never meant to discuss it but could not help after inquiries by media personnel.

The Chinese envoy entertained questions openly, and the forum looked informal.

Asked about the proposed US $ 2.5 billion financial assistance from China - US $ 1 billion loan and US $ 1.5 billion buyer’s credit, he said Sri Lanka had suddenly initiated talks with the International Monetary Fund (IMF), and it would unavoidably impact the ongoing process for cooperation from his country.

He asserted that China closely monitors the development of Sri Lanka’s engagements with the IMF and wait for terms and conditions involved. The ambassador said debt restructuring would be a key component in an IMF bailout package as understood by him through experience.

However, he said talks are underway for financial cooperation between the financial authorities of the two countries, and assured that China would cooperate with Sri Lanka.

Asserting that China – Sri Lanka friendship had stood the test of time, he said he was told by a local politician that Sri Lankans had short memories and they remembered only bad things but not good deeds.

“For me it proved otherwise,” he said. (Kelum Bandara)

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Comments - 11

Mahesh Tuesday, 26 April 2022 09:19 AM

So future gov should investigate all these shipments from china. Surely that family would have received commission from each shipments.

Aron Tuesday, 26 April 2022 09:21 AM

Behold, the great Sinhalese race.. The most insecure bunch of people.

BE FAIR Tuesday, 26 April 2022 09:25 AM

Was this disclosed, was the purchase made by then CBSL Governor? We will never take this robbers to task

Dorothy Tuesday, 26 April 2022 09:46 AM

Please get it from Cabral and Basil's personal money and the commissions given

Surain Tuesday, 26 April 2022 09:53 AM

We all know your pathetic behavioral pattern

REEZ Tuesday, 26 April 2022 09:57 AM

Hari Hari machang api api ne oka daapan bol ekata - Mahinda

joshua Tuesday, 26 April 2022 10:03 AM

China seems to be strengthening their noose around SL, since SL went for IMF. Friends are becoming a headache. Ha haa....good for this Government.

R P Weerakkody Tuesday, 26 April 2022 10:06 AM

Ok, the bear is stirring !

Seqi Tuesday, 26 April 2022 10:08 AM

When it comes to money Sri Lanka has a swamp no different to the swamp ex-president Trump threatened to drain in America.

Iwazaru Tuesday, 26 April 2022 10:10 AM

China has ripped off Sri Lanka left right and centre and are sill asking for a mere US $ 390 million. They got the Port City on a platter. Hang the Rajapakese and all the fellow who support the sale of the port city.

Ranaweera Wednesday, 27 April 2022 03:41 AM

China buys oil from others, refines it and sell at a higher price to us. We have oil tanks refineries which are not being used.What a stupid nation created by those Royal Colleges.

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Sri Lanka still owes US $ 390 million to Chinese company for fuel supplies: Chinese Ambassador

Comments - 11

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