Huge fuel bill mars Sri Lankan President’s Iran visit

Huge fuel bill mars Sri Lankan President’s Iran visit ...
sundaytimes.lk 25/12/2016 Politics

Keywords:#Foreign_Ministry, #Iran, #Iranian, #President, #Sri_Lanka, #Sundaytimes.lk, #Times, #US

By Damith Wickremasekara
Foreign Ministry tells CPC to act fast in making payment of Rs. 37 billion
View(s): 560
Ahead of a proposed visit to Iran by President Maithripala Sirisena, the Ceylon Petroleum Corporation (CPC) has been told to pay a fuel import bill of more than Rs. 37 billion it owes to that country.
CPC officials were called to the Foreign Ministry on Thursday and were told to pay the long overdue bill as Iranian officials were due in Sri Lanka soon to discuss plans for the President’s visit. They are also expected to discuss modalities of payments.
The fuel bills had been pending for more than five years as payments could not be made due to US sanctions against transactions with the Iranian government.
During President Sirisena’s visit, scheduled for late next month, the two sides are expected to discuss, among several other matters the issue of fuel purchases.
The Iranian government earlier reminded Petroluem Resources Minister Chandima Weerakkody, during his visit to Iran about the arrears, but the payment was not made.
A CPC official said the call to pay the arrears would force the corporation to obtain a loan.
The moves came after the Treasury obtained Rs. 13 billion from the CPC early this month, despite appeals by the CPC that the money was required for urgent repairs of the Sapugaskanda oil refinery.
The Sunday Times learns that the CPC had pointed out to the Treasury that the failure to carry out the repairs could have a bearing on the refinery and thereby affect fuel supplies.
Sri Lanka’s thermal power production is expected to rise in March next year in view of the impending drought conditions. Already officials have been advised to prepare for an impending drought.
--- ---
...

Read more from Source »

Related articles based on keyword density
Media Scam? Iran and America Join Hands in Waging “The Global War on T...
globalresearch.ca 01/07/2014 Politics
By Prof Michel Chossudovsky Global Research, June 21, 2014 Following the incursion of jihadist rebels of the Islamic State of Iraq and the Levant (IS...View Details»

IRAN NUCLEAR TALKS STUMBLE, EXTENDED UNTIL JULY ...
hosted.ap.org 24/11/2014 News
BY MATTHEW LEE AND GEORGE JAHN ASSOCIATED PRESS VIENNA (AP) -- Still facing significant differences between the U.S. and Iran, negotiators gave up on...View Details»

Rouhani and the 1914 remix ...
atimes.com 25/01/2014 Economy
THE ROVING EYE Rouhani and the 1914 remix By Pepe Escobar Iranian President Hassan Rouhani is at the moment the hardest-working man in (geopolitical...View Details»

Iran decries ‘cherry-picked’ & ‘illegal’ reports of classified chat t...
rt.com 26/04/2021 Politics
Iran’s Foreign Ministry has denounced “cherry-picked” media reports of a “routine and confidential” internal discussion, in which its top diplomat re...View Details»

Commerzbank settles US charges for Iranian deals ...
dw.de 13/03/2015 Economy
Commerzbank has agreed to pay a hefty sum in a settlement with US regulators over illegal transactions with companies in Iran and Sudan. The dealings ...View Details»


EOF