🇱🇰 Strengthening Sri Lanka–Iran Relations in a Critical Time In a significant diplomatic development, Iran has reaffirmed its strong support for Sri Lanka, signaling its readiness to assist the island nation with essential supplies, including fuel, if the need arises. The announcement was made during a media briefing held at the Embassy of the Islamic […]
Global oil markets have entered a period of volatility as geopolitical tensions in the Middle East intensify, pushing crude oil prices sharply higher. For countries that rely heavily on imported energy, including Sri Lanka, this trend could create new economic pressures across several sectors. The conflict in the Middle East has disrupted global energy supply […]
Sri Lanka is preparing for one of the largest-ever foreign direct investments in its history, with China’s Sinopec Group moving forward on a US$3.7 billion oil refinery project in Hambantota. This mega-project comes at a time when Sri Lanka is seeking to secure energy independence and reduce reliance on volatile global fuel markets. Project Scope […]
