LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Fri, 18 August 2017 13:59:26
Sri Lanka rejects sanction-busting Iranian oil
09 Nov, 2013 06:50:51
COLOMBO, November 8, 2013 (AFP) - Sri Lanka announced Friday it had rejected a shipment of Iranian crude oil it said may have been supplied in violation of US sanctions against the Islamic state.
The state-run Ceylon Petroleum Corporation (CPC) said the cargo had been due to be delivered late last month but it had refused the shipment over worries it might be violating US sanctions.

"The CPC refused the shipment due on October 27 because of suspicion it was oil that had been subjected to US sanctions (against Iran)," the company said in a statement.

Sri Lanka had access to limited quantities of Iranian oil before the US tightened sanctions last December.

Colombo, a net importer of oil, turned to Saudi Arabia and Oman for crude as well as refined product from other countries, including Singapore.

The CPC said with the rejection of the suspected Iranian crude oil, the country would be forced to shut down its refinery until new stocks of crude could be sourced.

However, the company said it had enough refined oil to meet local demand.

The US-led sanctions drive is aimed at forcing Tehran to abandon its controversial nuclear programme.

Tehran insists its nuclear programme is only for civilian use, not to make weapons, and refuses to abandon its uranium enrichment activities.

US Secretary of State John Kerry said Friday that world powers and Tehran had yet to strike a deal on Iran's nuclear programme but were working hard to do so.

Bookmark and Share
Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment