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Markets Print edition: 2022-05-28

Bankrupt Sri Lanka takes Russia oil as fuel crisis persists

Published May 28, 2022 Updated May 28, 2022 05:11am
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By Monitoring Desk
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KARACHI: Sri Lanka is receiving Russian crude oil that it will use to make fuel as the bankrupt nation faces crippling shortages of everything from gasoline to diesel.

The Russian grade of Siberian Light will be processed at Ceylon Petroleum Corp.’s refinery in Sapugaskanda, Chairman Sumith Wijesinghe said in a phone interview. The country’s sole refinery is set to receive crude on May 28, enabling its restart for the first time in over two months, according to its power and energy minister in an earlier tweet.

Copyright Business Recorder, 2022

Crude Oil russia oil Sri Lanka crisis bankrupt Sri Lanka

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