Sri Lanka reaches out to Russian companies for crude oil


COLOMBO, June 19 (Xinhua) -- Sri Lanka's Minister of Power and Energy Kanchana Wijesekera told reporters on Sunday that they have reached out to several Russian crude oil suppliers for the country's energy solution, according to the Russian embassy in Colombo.

Wijesekera said that they are trying to obtain Russian crude oil on credit to keep the country's only oil refinery running.

The minister said that Sri Lanka's oil bill has risen to 550 million U.S. dollars a month by June 2022.

He added that Sri Lanka now owes oil firms 730 million dollars for oil imported on credit, and these companies will now only supply fuel after upfront payments or deposits.

Sri Lanka has suffered crippling fuel shortages since February as a foreign exchange crisis worsened in the South Asian country.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Turkey reopens ancient church with prized mosaics to Muslim worship
Indigenous groups claim stake in sunken Spanish ship, cargo off Colombia
Greece to bring in Egyptian farm workers amid labour shortage
Opposition leaders in India's Kashmir accuse government of sabotaging their campaigns
India's opposition jubilant as Modi critic Kejriwal gets bail to campaign in elections
Polish PM reshuffles cabinet ahead of European elections
Taiwan rattled by 5.8 magnitude earthquake, no immediate reports of damage
Russian missile strike sets houses ablaze in Ukraine's Kharkiv, officials say
Boater dies just feet from land when he dives in to find cellphone, US cops say
Snapchat is focused on making app safe, CEO Evan Spiegel says

Others Also Read