Lankans Interested in Oil Collaboration With Iran
Lankans Interested in Oil Collaboration With Iran

Lankans Interested in Oil Collaboration With Iran

Lankans Interested in Oil Collaboration With Iran

Sri Lanka wants to draw on Iranian expertise in offshore drilling following their recent oil exploration and discoveries in the Indian Ocean, said Mansour Bazmi, deputy for the downstream sector at Iran's Research Institute of Petroleum Industry.
After holding talks with Susil Premajayantha, Sri Lankan minister of technology and research, on Wednesday in Tehran, Bazmi, said, "Sri Lanka has started oilfield operations and is negotiating with oil-rich states, namely Iran, to tap into the new oil and gas resources," Mehr News Agency reported. Premajayantha was part of a delegation of Sri Lankan officials who traveled to Tehran this week to explore grounds for cooperation in the oil sector.
According to Bazmi, Sri Lanka is keen on cooperating with RIPI engineers and experts to acquire the much-needed technology in drilling, exploration and refining sectors. The two sides have planned to sign a memorandum of understanding.
"Sri Lanka is in talks with Iran to resume crude imports," Premajayantha said, adding that Ceylon Petroleum Corp's decades-old 50,000 barrels-per-day plant, the island nation's only oil refinery, was originally configured to run on Iranian crude and Sri Lanka had to import more refined oil products after international sanctions caused it to stop crude imports from Iran.
Reportedly, CPC replaced the Iranian crude with supplies from Malaysia and Abu Dhabi but the efficiency of processing the grades was low which explains why resumption of light crude import from Iran is again on the table. RIPI was founded in 1959. Its primary aim was carrying out research on the application of petroleum materials. It has continued its activities with the aim of carrying out fundamental, applied, and developmental research.
The research institute has played a key role in the production and export of science and technology in oil, gas and petrochemical industries in the country and region.


Short URL : https://goo.gl/FbjXuB
  1. https://goo.gl/EQ46tc
  • https://goo.gl/mc7rMS
  • https://goo.gl/ZAQAHu
  • https://goo.gl/ccg6UH
  • https://goo.gl/ubOruc

You can also read ...

The agreement went through after years of on-off negotiations with the French group.
A technology licensing agreement with French company Air...
No licenses have been issued for state and semi-governmental companies to build power plants in the last four years.
The Energy Ministry has privatized over 50% of power plants in...
OPEC to Struggle With Oversupply for Years
When OPEC and Russia first embarked on clearing a global oil...
NISOC Targeting 20% Rise in Recovery Rate
National Iranian South Oil Company aims to increase the...
Iraq Sets Up Oil Shipping, Trading Joint Venture
OPEC member Iraq has formed a joint venture with a shipping...
Brent, WTI Make Gains
Oil prices edged up on Wednesday, lifted by declining US crude...
China Energy Demand to Peak in 2040
China's energy demand will peak by 2040, a decade later than...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.