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Talks+With+Iran+For+Cheaper+Oil%2C+But+Process+May+Take+Time%3A+Minister
Monday, 25 January 2016 - 17:01
Talks With Iran For Cheaper Oil, But Process May Take Time: Minister
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Sri Lanka on Friday held talks with Iran to buy crude oil at lower prices but the process might take up to four months, Petroleum Resources Minister Chandima Weerakkody said yesterday.

The possibility of Sri Lanka obtaining oil at lower prices from Iran, following the lifting of the international sanctions, may take three to four months in view of the increased competition in the world market for Iran’s oil, the minister said.

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