(UTV | COLOMBO) – The Ministry of Energy has discussed with the Indian Oil Company to procure 40,000 metric tons of diesel and 40,000 metric tons of petrol.
Accordingly, the Indian Oil Company has agreed to supply a shipment of 40,000 metric tons of diesel.
As per the Cabinet of Ministers approved the proposal tabled by the Minister of Energy to take further measurers to buy the said Oil Consignment.
The Cabinet has granted approval to the proposal to purchase 450,000 barrels of crude oil from Terra Nevis Group in Cyprus for the Sapugaskanda oil refinery through a 180-day loan scheme.