Jaishankar visits Lanka IOC to take stock of fuel supply situation
The Hindu
Colombo External Affairs Minister S. Jaishankar on March 28 visited Lanka IOC, the local subsidiary
External Affairs Minister S. Jaishankar on March 28 visited Lanka IOC, the local subsidiary of India’s oil major Indian Oil Corporation in Colombo and took stock of the island nation’s fuel supply situation amidst India’s support during its current foreign exchange crisis.
Sri Lanka is facing an acute economic and energy crisis triggered due to the shortage of foreign exchange.
Mr. Jaishankar is in Colombo to hold bilateral talks with the country’s top leadership and attend the seven-nation BIMSTEC summit.
“Visited Lanka IOC in downtown Colombo. Managing Director Manoj Gupta briefed me on the fuel supply situation. Indian LoC of US$ 500 million is helping Sri Lankan people in their everyday life,” Mr. Jaishankar said on Twitter.
Lanka IOC is Sri Lanka’s No.1 listed energy company, bringing energy to life for the whole nation, according to the company’s website.
Lanka IOC believes that Sri Lanka deserves a world-class petroleum industry, and is building a healthy and competitive fuel network that will both boost the nation’s economy, and care for its environment, it says.
In recent weeks, Lanka IOC has hiked fuel prices in the country.
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