Iran to invest in expansion project of Sri Lankan oil refinery
Sri Lankan Oil Minister said Wednesday in an interview with Japan's Kyodo news agency Iran has decided to increase its investment in expansion project of an oil refinery there up to one billion US dollars.
According to IRNA office in Tokyo, A. H. M. Fowzi added in his interview with Kyodo, "Iran's President Mahmoud Ahmadinejad has allocated this amount to the purpose, which would cover 70% of the require investment for the refinery's expansion, in form of a ten year loan, with a five year exemption period from payment of the loan's installments."
Fowzi added, "Iran had earlier, too, provided the oil we need in Sri Lanka free from interest for four months."
According to this report, Iran is the largest provider of crude oil for Sri Lanka
Read more,
http://www2.irna.com/en/news/view/line-22/0804179422010501.htm
According to IRNA office in Tokyo, A. H. M. Fowzi added in his interview with Kyodo, "Iran's President Mahmoud Ahmadinejad has allocated this amount to the purpose, which would cover 70% of the require investment for the refinery's expansion, in form of a ten year loan, with a five year exemption period from payment of the loan's installments."
Fowzi added, "Iran had earlier, too, provided the oil we need in Sri Lanka free from interest for four months."
According to this report, Iran is the largest provider of crude oil for Sri Lanka
Read more,
http://www2.irna.com/en/news/view/line-22/0804179422010501.htm
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