Home World Asia-pacific Oman May Sell Crude To Sri Lanka The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said. by Reuters January 27, 2012 Oman is willing to sell crude oil to Sri Lanka, which is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said. “We have an international trading company and they are willing to look into crude trading with the government or with the petroleum agencies here in Sri Lanka,” Omani Oil Minister Mohammad bin Hamad al-Rumhy told reporters in Colombo. He declined to say what quantity of crude sales had been agreed, adding Oman was looking at investment opportunities including upgrading its sole refinery. “We will study the refinery expansion project and see how best we can handle it,” he said. Sri Lanka for several years has been looking to upgrade its aging 50,000 barrel-per-day Sapugaskanda refinery after a $2 billion upgrade plan with Iran, its main crude supplier, fell through last year. A petroleum ministry official on condition of anonymity told Reuters that Oman is looking to make an investment of about $500 million, including the refinery upgrade, tourism and agriculture. Tags Breaking News World 0 Comments Share Tweet Share Share You might also like Global downturn risks becoming prolonged recession – WEF How should regional businesses effectively navigate their workforce through the Covid-19 pandemic Warmest oceans on record add to hurricanes, wildfires risks Is coronavirus the newest threat to cybersecurity in the GCC?