COLOMBO (News 1st); Sri Lanka’s Cabinet of Ministers had decided to award the long-term crude oil supply contract to a UAE based company.

The Department of Government Information state that the seven-month contract period will be from the 1st of June 2022 to 31st December 2022.

It added that the Energy Minister had tabled a cabinet memorandum following a recommendation from the Cabinet-appointed Procurement Committee to award the contract the UAE-based Coral DMCC.

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