Russia to Start Oil & Gas Exploration in Sri Lanka

[Lankan Ranger]

Russia to Start Oil & Gas Exploration in Sri Lanka

Russia has agreed to start oil and gas exploration in the seas off Mannar after President Mahinda Rajapaksa visited the Russian Gas and Oil company Gazprom, Moscow yesterday. The President held talks with the Chief Executive of the company Alexei B. Miller at their head office in Moscow. The Russian company also agreed to give Sri Lanka concessions in the purchase of refined and crude oil.

President Rajapaksa invited Gazprom to explore oil and gas in the other blocks at his talks with Miller, a press release of the President’s Media Division said.

Gazprom is the largest gas company in the world and supplies gas to a number of countries including 30 European nations with an annual supply of 500 million cubic metres.

At present Russian refined oil is supplied to Sri Lanka through Singapore and after President Rajapaksa’s talks with the Russian authorities it has been decided to supply refined oil direct from Russian without an intermediary party.

Gazprom will also be supplying oil through pipelines to India and China and Chairman Alexei Miller informed the President that Sri Lanka will also be benefited by this new project of the company.

There was a positive response to President Mahinda Rajapaksa’s request for assistance to develop power needed for rapid expansion of the national economy, the release said.

“It is a good omen for the future of our country. This visit will further strengthen the friendship between our two countries that is more than a century old. We are also achieving rapid economic development after peace was achieved.

Sri Lanka News | Online edition of Daily News - Lakehouse Newspapers

 

[Trichy]

Russia to Start Oil & Gas Exploration in Sri Lanka

Russia has agreed to start oil and gas exploration in the seas off Mannar after President Mahinda Rajapaksa visited the Russian Gas and Oil company Gazprom, Moscow yesterday. The President held talks with the Chief Executive of the company Alexei B. Miller at their head office in Moscow. The Russian company also agreed to give Sri Lanka concessions in the purchase of refined and crude oil.

President Rajapaksa invited Gazprom to explore oil and gas in the other blocks at his talks with Miller, a press release of the President’s Media Division said.

Gazprom is the largest gas company in the world and supplies gas to a number of countries including 30 European nations with an annual supply of 500 million cubic metres.

At present Russian refined oil is supplied to Sri Lanka through Singapore and after President Rajapaksa’s talks with the Russian authorities it has been decided to supply refined oil direct from Russian without an intermediary party.

Gazprom will also be supplying oil through pipelines to India and China and Chairman Alexei Miller informed the President that Sri Lanka will also be benefited by this new project of the company.

There was a positive response to President Mahinda Rajapaksa’s request for assistance to develop power needed for rapid expansion of the national economy, the release said.

“It is a good omen for the future of our country. This visit will further strengthen the friendship between our two countries that is more than a century old. We are also achieving rapid economic development after peace was achieved.

Sri Lanka News | Online edition of Daily News - Lakehouse Newspapers

good news to IndiaA friend comes closer and closer