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Message: <blockquote data-quote="lkdood" data-source="post: 11881992" data-attributes="member: 92282">Sri Lanka's government has assured that there will be no fuel shortage  as a result of U.S. sanctions on Iran's fuel imports, a minister said on  Wednesday.Sri Lanka's Petroleum Minister Susil Premajayantha told media that the  government has already begun discussions with Oman and Saudi Arabia as  well as stockpiling fuel to ensure that there will be no shortage if the  country falls under U.S. sanctions for importing oil from Iran. Iran is Sri Lanka's largest oil supplier and the country's only oil  refinery was built to handle Iran's high-sulphur and high-density crude  oil, which means that sourcing from other destinations could be  problematic. Iran and Sri Lanka have had strong diplomatic ties since President  Mahinda Rajapaksa took over, but U.S. sanctions could mean that the  country will have to consider alternatives. However, Premajayantha insists that this is not an issue and oil can be  sourced from other locations. He also feels that the six month grace  period before implementation of the new sanctions would provide enough  leeway for the government to find a solution. However there have been no clear alternatives proposed and Sri Lanka  spends around four billion U.S dollars on oil imports annually.Xinhua</blockquote>

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