India, 9 other countries eye Lankan market to sell petroleum items: Report
Sri Lanka’s Ministry of Power and Energy has said that 24 companies from 10 countries, including India have evinced interest in selling petroleum products in the crisis-hit country’s petroleum sector, according to media reports.
Sri Lanka is in the midst of its worst economic crisis in decades, which is triggered by a severe paucity of foreign exchange reserves.
Sri Lanka’s Minister of Power and Energy Kanchana Wijesekera said that 24 companies from the United Arab Emirates, Saudi Arabia, the United States, China, India, Russia, the UK, Malaysia, Norway and the Philippines have submitted proposals for the Expressions of Interest (EOI) to engage in the country’s petroleum sector, news portal Colombo Page reported on Sunday.
