Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the ...

Meanwhile, Russia has also offered to trade for oil with Sri Lanka. However, Rajakaruna ruled out purchases from Russia due to economic sanctions and the political issues involved, ...

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the ...