Iraq has come forward to offer “substantial quantities” of crude oil to Sri Lanka, as the island desperately looks for alternatives to Iranian crude, a news report said Sunday.
Iran supplies nearly 92 percent of Sri Lanka’s imported crude. But supplies have hit a snag in the face of U.S.-led sanctions aimed at spurring Tehran to abandon its nuclear program.
The Colombo-based Sunday Times newspaper quoted Petroleum Ministry officials saying that Sri Lanka would stop crude oil imports from Iran from March 29, ahead of the U.S. June 28th deadline.
Any country importing goods from Iran after would be subject to U.S. penalties.
AFP
Iran supplies nearly 92 percent of Sri Lanka’s imported crude. But supplies have hit a snag in the face of U.S.-led sanctions aimed at spurring Tehran to abandon its nuclear program.
The Colombo-based Sunday Times newspaper quoted Petroleum Ministry officials saying that Sri Lanka would stop crude oil imports from Iran from March 29, ahead of the U.S. June 28th deadline.
Any country importing goods from Iran after would be subject to U.S. penalties.
AFP
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