Iran supplies 70 percent of Sri Lanka's oil requirements

Talking about the achievements gained during Sri Lanka's president's visit to Tehran, the Finance Ministry Secretary Dr. PB Jayasundera stated that Iran is to supply 70 percent of his country's oil requirements.

Speaking to Sri Lanka's national newspaper, P B Jayasundera said that during the president's visit to Tehran they could secure 7-month credit facilities to import oil from Iran.

These credit facilities make it possible for Sri Lanka to pay the costs of the imported oil not immediately after receiving it.

He also asserted that following the negotiations between the two presidents, the high tariffs imposed on importing Sri Lanka's tea to Iran were lifted.

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