Russian oil giant Gazprom has sent a four-member delegation to discuss oil and gas exploration possibilities in Sri Lanka, a top minister said here on Tuesday. Petroleum Industries Minister Susil Premajayantha told media that a four member technical team has arrived in Sri Lanka to study seismic data. If they are impressed, the government hopes Gazprom will bid for a block off the north-western sea of Sri Lanka where Indian oil giant Cairn has already found two natural gas wells. The ministry has stated that there is a total of five blocks earmarked for exploration. Another team from the Indian Oil and Natural Gas Company is scheduled to arrive next week, said Premajayantha. The renewed interest in Sri Lanka comes after Cairn India discovered two natural gas deposit wells in October and earlier this month. The company has insisted that it is impossible to decide the financial viability of the wells before the first quarter of 2012. The Sri Lankan government is hopeful that this will be the start to reliable oil exploration in the country that currently supports a hefty oil bill in imports. The Gazprom visit was instigated by discussions between Russian authorities and Sri Lankan President Mahinda Rajapaksa. Based on bilateral relations, Vietnam has also agreed to commence oil exploration following an official tour by its leader in mid-October.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor