Govt. to purchase oil from Iran at concessionary prices

November 05, 2024

Development - Provincial

Govt. to purchase oil from Iran at concessionary prices ^Featured

February 28, 2016

Minister of Finance Ravi Karunanayake said Iran has responded positively to sell oil to Sri Lanka at a concessionary price. According to the Minister, discussions in this regard are due to be held between the two countries shortly.

Minister Karunanayake said this following discussions held at the Finance Ministry on Wednesday (24) with an Iranian delegation led by the country's Energy Minister Hamid Chitchian.

Strengthening existing trade ties between Iran and Sri Lanka took center stage during the deliberations. While thanking Iran for its support for Sri Lanka over the past few years he requested Iran to continue its assistance to Sri Lanka as it has embarked upon a new journey towards development. The Iranian delegation also responded positively for the Sri Lankan Finance Minister's request for oil at a concessionary rate.

Iranian ambassador to Sri Lanka Mohammed Zaeri Amirani, Secretary to the Ministry of Finance Dr. R.H.S. Samaratunga and senior officials of the Ministry were present on the occasion.