Finance Minister says Iran “positive” about fuel concessions to SL

Finance Minister says Iran “positive” about fuel concessions to SL

Finance Minister says Iran “positive” about fuel concessions to SL

Written by Tharushan Fernando

25 Feb, 2016 | 12:49 pm

Minister of Finance Ravi Karunanayake says that the Government of Iran has given a positive response to the request made by the Sri Lankan government to obtain fuel at a concessionary rate.

Minister Karunanayake made this statement following a discussion with visiting Iranian Minister of Energy Hamid Chitchian and his delegation on Wednesday evening. The Finance Minister said that the strengthening of trade ties between the two countries was broadly discussed at the meeting.

The Minister of Finance added that the payment of money due for the Uma Oya Project had been halted and there was also an issue in obtaining oil. But it was discussed on reaching a renewed agreement since there is no such barrier anymore.

“We do have the money we owe them. So we discussed on we can recommence trade ties with immediate effect”, said the Minster

He went on to note that “just as there were obstacles with Iran obtaining the required amount of tea from our country, Sri Lanka also had the obstacle of obtaining oil from Iran up until now,because oil from Iran was needed for local refineries and since an extra 15% to 20 % had to be paid during this time period. And the government therefore requested that oil be supplied at a lower cost to which they responded quite positively.”

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