Day: November 23, 2021

Mannar oil block with gas well auction in 2022 Sri Lanka plans to auction M2 oil block with gas well in early 2022 ECONOMYNEXT – Sri Lanka will auction an oil block in the Mannar basin where traces of natural gas had already been found in early 2022, Energy Minister Udaya Gammanpila said. “In the beginning of 2022 we will have an auction to get investors for the M2 block,” Minister Gammanpila told parliament. Cairn Lanka, a unit of Cairn India found the presence of natural gas in two exploration…

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Cash-strapped govt. seeks Indian lifeline: Basil to visit New Delhi (By Shamindra Ferdinando The Island 23-11-2021) Declaring that Sri Lanka was experiencing the worst ever post-independence economic crisis, Foreign Minister Prof. G.L. Peiris yesterday said Finance Minister Basil Rajapaksa’s forthcoming visit to New Delhi might give the country an opportunity to explore ways and means of overcoming the overwhelming challenges. Prof. Peiris, who is also the Chairman of the ruling SLPP, emphasised that the Finance Minister’s visit was meant to seek not only loans but also wider cooperation on a…

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