Cash-strapped Sri Lanka announces weekly fuel quotas
Crisis-hit Sri Lanka announced weekly fuel quotas for motorists on Sunday, as an acute shortage worsened and longer queues formedContinue Reading
Category: Oil & Gas
TotalEnergies takes $2 billion foothold in Qatar’s giant gas expansion
Qatar on Sunday named France’s TotalEnergies as its first foreign partner to expand the world’s largest natural gas field andContinue Reading
Sri Lanka Hit by Power Cuts After Key Union Goes on Strike
COLOMBO (Reuters) – Swathes of Sri Lanka were hit by electricity cuts on Thursday after a power sector union wentContinue Reading
Sri Lanka power union announces strike, raising risk of blackouts
A power sector union in Sri Lanka said on Wednesday it will go on an indefinite strike from midnight inContinue Reading
Long fuel queues persist in Sri Lanka despite scramble to deliver supplies
COLOMBO (Reuters) – Long queues snaked around gas stations in Sri Lanka’s commercial capital and its outskirts on Monday evenContinue Reading
Sri Lanka completes payment for Russian coal cargoes, easing power crisis
COLOMBO- Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, twoContinue Reading
Saudi Arabia says it deposited $5B in Egypt’s central bank
CAIRO (AP) — Saudi Arabia on Wednesday announced a $5 billion aid package to cash-strapped Egypt, where the economy isContinue Reading
IMF urges Sri Lanka to raise taxes, devalue currency
(AFP)-The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable”, and called for devaluationContinue Reading
Sri Lanka sacks energy minister a day after publicly criticizing the government’s monetary policy as economic crisis deepens
Sri Lanka’s president sacked his energy minister on Thursday as fuel shortages left the near-bankrupt island facing its worst blackoutsContinue Reading
Sri Lanka runs out of fuel as dollar crisis worsens; President says no more power cuts after March 5
(AFP/Reuters)-Sri Lanka’s public transport was crippled Wednesday as buses ran out of diesel, officials said as the country’s foreign exchangeContinue Reading
