Sri Lanka has temporarily shut its only oil refinery as part of efforts to manage dwindling foreign exchange reserves, the energy minister said on Tuesday, triggering long queues at petrol Continue Reading
The fully laden Indian Oil Corp., or IOC, chartered super tanker is still on fire, and eight ships and tugs are trying to salvage the cargo and prevent an oil Continue Reading
Last week, Chinese President Xi Jinping reportedly offered Sri Lanka a new grant of 2 billion yuan ($295 million). According to media reports, Sri Lankan President Maithripala Sirisena made the Continue Reading
Sri Lanka will pay down its oil debt held by Iran with tea in response to new regulations that Sri Lanka has issued in order to comply with a UN Continue Reading
