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Oil drawing foreign powers to Lanka like bees to a flower - CPC
Thursday, 6 July 2006 - 5:03 AM SL Time
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Foreign powers are rushing to Sri Lanka, like bees to a flower, after it had been confirmed by the Norwegians that there were oil deposits between Mannar in the North and Hambantota in South, authoritative Petroleum Corporation sources said.
Minister of Petroleum and Petroleum Resources development, A. H. M. Fowzie told The Island that a Cabinet memorandum had been submitted to hold a Road Show by way of convening meetings with major oil exploration companies and countries globally
He said the Road Show promotions were scheduled to take place in Houston, Texas, London, Singapore, Dubai, and at the Commonwealth Countries Heads meeting in Colombo in September 2006.
Meanwhile, the sources said that President Mahinda Rajapaksa had given the greenlight to neighboring countries such as India, and China to obtain a few blocks of oil reserves off the Gulf of Mannar on a preferential and priority basis. He said this could cause disappointment among other oil explorers in the world anticipating to bid.
The source added that there was strong competition among the major players and that there should be complete transparency if the Government was to get the best terms and conditions in sharing the revenue with the explorers.
Minister Fowzie told The Island that his recent visits to Iran and several other oil producing countries, including Saudi Arabia had been very encouraging with the oil Minister of Saudi Arabia, Sheikh Naimie agreeing to provide Sri Lanka with the technology, expertise and training required for oil exploration.
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Fairplay
Senior Member
Joined: Jul 2005
Posts: 2653
Member Profile
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9 Jul 2006 01:34:44 GMT Report for Abuse
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Arapiya Sopiya dhora!!!
What the De facto state is oil rich?????
Ha ha,, Is this why MR wants a deal with Prabhakaran???/
Mahendran anna and Prabha thambi can share the wealth!!
Fairplay |
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