Oct 21, 2018, 6:28 PM
News Code: 83073723
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Sri Lanka seeks waiver for Iranian oil imports: Indian Express

Tehran, Oct 21, IRNA – Sri Lanka has sought advice from India over its strategy on purchasing oil from Iran in the light of tightening US sanctions during bilateral talks, according to Indian daily newspaper Indian Express.

The daily cited a statement published by the office of Sri Lanka's Prime Minister Ranil Wickremesinghe which said the country's Petroleum Minister Arjuna Ranatunga has sought information on how India will act in the case of tighter sanctions from Indian External Affairs Minister Sushma Swaraj.

The US President Donald Trump in May announced his country’s unilateral withdrawal from a hard-won nuclear deal of world powers with Iran.

Trump said Washington will reinstate two rounds of sanctions on Tehran, the first round of which were imposed early August and the second round, which will include curbs on Iran’s oil exports, is scheduled to come into force on November 4.

Sri Lanka's ageing state-run refinery, originally built by the Soviet Union, works best with Iranian light crude, with other heavier crudes not generating enough light distillates.
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