Sri Lanka Stops Buying Crude Oil From Iran

Sri Lanka imports 92% of its crude oil needs from Iran but the officials of Sri Lanka announced they will stop buying crude oil from Iran in the next few days .

Government of Iraq offered them to increasing the amount of exporting oil to Sri Lanka if they stop importing oil from Iran , And the authorities of oil ministry of Sri Lanka decided to follow this offer as the recent sanctions from U.S. on Iran threaten Iran oil’s buyers .

According to the reports , most of the refineries in Sri Lanka can only refine light crude oil and only Iran and Saudi Arabia can produce this kind of oil . So the oil ministry of Sri Lanka also has negotiated with Saudi Arabia sides .

Also Sri Lanka is looking to increase their oil imports from Oman and Iraq .

He is a student of Economics , pursuing the same from Delhi University . Apart from Writing , He is quite passionate about Photography as well . His other hobbies include playing cricket and listening to music . Currently He resides in Delhi . He was invited to join Kabir News agency in 2012 after opening the official website . Phone number: +9999936738 , Email address: Saurabh (at)

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