Sri Lanka stops purchasing oil from Iran

[Lankan Ranger]

Sri Lanka stops purchasing oil from Iran

Sri Lankan government says that oil imports from Iran have been stopped and that purchases are being made from alternative sources.

Petroleum Minister Susil Premajayantha has told parliament that Sri Lanka has commenced purchasing Arabian Light Oil instead of Iranian Light Oil.

He has said that Sri Lanka could no longer purchase oil from Iran due to the oil embargo placed on that country.

According to Premajayantha, the government did not have any other alternative but to increase local fuel prices and the fuel prices would be reduced once the global oil prices started to decline.

On Wednesday Arabian Light oil rose 0.4% to trade at US$ 121.19 a barrel.

The Minister has explained that the losses incurred by the sale of fuel in the local market were very high until the recent price revision.

Sri Lanka : Sri Lanka stops purchasing oil from Iran

 

[Skull and Bones]

So foreign pressure is playing its role here.

 

[Lankan Ranger]

So foreign pressure is playing its role here.

Big Brother on U turn............

http://www.defence.pk/forums/world-affairs/160923-india-replacing-iran-oil-saudi-oil.html

 

[Ammyy]

Big Brother on U turn............

http://www.defence.pk/forums/world-affairs/160923-india-replacing-iran-oil-saudi-oil.html

fearing global sanctions may jeopardise trade with Iran

This is not because of pressure from any one this is because of business and unaffected supply of Oil

 

[Lankan Ranger]

This is not because of pressure from any one this is because of business and unaffected supply of Oil

Oil embargo working very well

 

[lynx]

Big Brother on U turn............

http://www.defence.pk/forums/world-affairs/160923-india-replacing-iran-oil-saudi-oil.html

India is changing supplier bcs of the difficulty in paying for Iranian oil unlike SL who are succumbing to US pressure.

 

[blood]

i don't think it would matter a lot for iran , sri lanka is not an important buyer any way , and moreover what can sri lanka do when big daddy U.S tells it to stop purchasing oil from iran .

 

[Tshering22]

Big Brother on U turn............

http://www.defence.pk/forums/world-affairs/160923-india-replacing-iran-oil-saudi-oil.html

We are today the largest importers of Iranian oil. Think about how thirsty we'd be if we've to still buy from KSA.

So much for pressure.

BTW why this change with SL? I thought you guys were with China against USA's tantrums these days?

 

[Harry_Thomason]

Strange, Sri Lanka economy will be hurt by this, interesting what US promised in return.

 

[Malik Usman]

US Pressure.........on the other hand today Americans were saying that they will convince India to stop buy oil form Iran so let's see......If Uncle's sams order is followed or not.

 

[lynx]

US Pressure.........on the other hand today Americans were saying that they will convince India to stop buy oil form Iran so let's see......If Uncle's sams order is followed or not.

LOL India is not Pakistan to follow US's order.

 

[Ammyy]

LOL India is not Pakistan to follow US's order.

Even after November incident relation of both the countries normal once again ... what kind of joke is this

 

[itaskol]

sad news for sri lanka

 

[Ammyy]

Because of US pressure countries are ready to harm their economy

 

[Gandhi G in da house]

India will do what is in its best interests .