UAE company to supply diesel and crude oil to Sri Lanka

Sri Lanka has decided to award a long-term contract to a UAE-based Coral Energy DMCC for the purchase of diesel and crude oil.

Earlier this month, the Cabinet of Ministers decided to award a long-term contract to another UAE-based company named OQ Trading Limited for the procurement of 1.8 million barrels of petrol (92 Unl) for a period of 8 months, from February 15 to October 14.