Sri Lanka and ADNOC explore long-term crude supply deal and joint petroleum investments

Saturday, 31 May 2025 01:20 - - {{hitsCtrl.values.hits}}

A high-level discussion between representatives of the Abu Dhabi National Oil Company (ADNOC) and a Sri Lankan delegation was held yesterday at the Presidential Secretariat, aiming to strengthen bilateral energy cooperation in the petroleum sector.

The meeting was led by Power Minister Kumara Jayakody and Labour Minister and Economic Development Deputy Minister Dr. Anil Jayantha Fernando focused on identifying supply and investment prospects in the petroleum industry between the two countries and initiating groundwork for potential joint projects.

Also in attendance were Ambassador of the United Arab Emirates to Sri Lanka Khaled Nasser Al Ameri, along with ADNOC Senior Vice President – Crude and Condensate Abdulla Al Qubaisi and other senior executives from the company.

Discussions also covered the possibility of swiftly forming a long-term agreement to supply crude oil to Sri Lanka at a reasonable price, improving the country’s oil refining capacity and strengthening the country’s position in the regional petroleum market.