Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
by jgambino | Tue, 2009-10-06 15:40
selected project
Sri Lanka - Iran, Petroleum Credit, Refinery Upgrade
description
Iran has extended and interest free loan to Sri Lanka for another year to import Iranian crude. Sri Lanka imported $1.05 billion of Iranian crude under this framework in 2008. Iran has also agreed to extend $1.03 billion to help upgrade Sri Lankan refining capacity from 50,000 bpd to 100,000 bpd.
- Country: Sri Lanka
- Client: National Iranian Oil Company
- Contractor: Ceylon Petroleum Corporation
Status
- Current Status:
- Discussion Date: Mon, 2008-04-28
- Contract Date: Thu, 2009-09-03
- Completion Date:
Citation
1. Ranga Sirilal, "Iranian president launches Sri Lanka refinery upgrade", Reuters, April 29, 2008. Available at http://in.reuters.com/article/southAsiaNews/idINIndia-33302020080429?pag....
2. "Iran extends oil import credit line to Sri Lanka", Tehran Times Economic Desk, 22 September 2009, available at http://www.tehrantimes.com/PDF/10694/10694-3.pdf.
