Sri Lanka, July 14 -- Sri Lanka's plan to purchase fuel from Nigeria has gone awry because of restrictions in crude oil imports in that country and prior registration requirement for refined products deals, Daily Mirror learns.
In its attempt to secure petroleum products at lower rates, the Ceylon Petroleum Corporation (CPC ) wrote to the authorities of the oil producing African countries such as Nigeria and South Sudan.
However, Nigeria has stopped crude oil exports. According to a CPC source, prior registration with relevant suppliers dealing with the Nigerian producers are needed to purchase refined products and it takes a long time.
As a result, the CPC finds it difficult to purchase oil from Nigeria at the moment.
In the meantime...
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