• Download the Constitution of Pakistan
  • Advertise
Tuesday, December 16, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Main

Cash-strapped Sri Lanka gets Russian oil to ease shortages

by Web Desk
May 29, 2022
in Main, News
Reading Time: 1 min read
0
Share on FacebookShare on TwitterLinkedinWhatsapp

The 90,000-tonne consignment of Russian oil waited offshore for more than a month as Sri Lanka was unable pay for shipment.

Srilanka is suffering its worst economic meltdown since independence, with shortages of fuel and other essentials making life miserable for its 22 million people.

Sri Lanka has taken delivery of a consignment of Russian oil to restart operations at the country’s only refinery, the energy minister said.

Sri Lanka will pay $72.6m to buy the 90,000-tonne shipment of Russian oil, the minister said.

“I have reached out to multiple countries, including Russia, for support to import crude and other petroleum products,” Wijesekera said.

The 90,000-tonne consignment was ordered through Dubai-based Coral Energy, the minister said, adding that the shipment would facilitate restarting the country’s sole refinery, which has been closed since March 25.

“The next shipment will also be ordered from the same company. Another consignment will be needed within the next two weeks to keep the refinery running continuously,” he added.

Tags: Russian OilSrilanka

Web Desk

Related Posts

Aurangzeb

Pakistan, Russia Discuss Oil-Sector Deal

by Anum Arif
December 16, 2025
0

Pakistan and Russia are in talks over a potential agreement in the oil sector, Finance Minister Muhammad Aurangzeb told Russia’s...

Finance minister Aurangzeb

Pakistan, GCC Close to Finalising Free Trade Agreement

by Anum Arif
December 15, 2025
0

Federal Minister for Finance Muhammad Aurangzeb has said that Pakistan’s Free Trade Agreement (FTA) negotiations with the Gulf Cooperation Council...

PM shehbaz launches regulatory reforms

PM Shehbaz Says Pakistan Economy Out of Crisis

by Anum Arif
December 13, 2025
0

Prime Minister Muhammad Shehbaz Sharif on Saturday said that Pakistan’s economy has emerged from severe difficulties due to the untiring...

PM urges world to press afghanistan on terror threat

PM Shehbaz Urges Global Action on Afghan-Based Terror Threat

by Anum Arif
December 12, 2025
0

Prime Minister Shehbaz Sharif has urged the international community to press the Afghan Taliban to fulfil their global commitments and...

reko diq pak usa

Reko Diq’s $7bn Financial Close Marks Major Boost in Pakistan–US Economic Ties: Aurangzeb

by Hassan Mustafa Bajwa
December 11, 2025
0

Pakistan has officially reached the $7 billion financial close of the Reko Diq copper-gold project, a milestone that Finance Minister...

polio vaccine campaign

Pakistan Launches Final Polio Vaccination Campaign of 2025 to Protect 45 Million Children

by Hassan Mustafa Bajwa
December 11, 2025
0

Pakistan has rolled out its final nationwide polio vaccination campaign for 2025, aiming to immunise approximately 45 million children under...

Next Post
un mission

Pakistan Contributed 200,000 Troops To UN Peacekeeping Mission: ISPR

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters