Petroleum Resources Development Minister Arjuna Ranatunga had submitted a Cabinet paper to seek approval to grant a long term contract for the purchasing 7,000,000 barrels of crude oil to a Singaporean Company and another three to award long term contracts for the purchase of petrol, aviation fuel and diesel.
The barrels of crude oil, he said was needed for the continuous refining process at the CPC Sapugaskanda Oil refinery. On the recommendation of a Cabinet appointed procurement committee, the purchase of Murban crude oil was granted to Swiss Singapore Overseas Enterprises at a premium price of US$ 1.69 per barrel for the next eight months starting from April 1.
The Cabinet appointed special standing procurement committee in the meantime approved the Minister to enter into three long term contracts with respective suppliers to purchase 1,275,000 barrels of petrol, 2,080,000 barrels of Aviation Fuel and 4,650,000 barrels of diesel for the next eight months beginning March 15.
Border management strategy approved
The Cabinet on Tuesday granted approval to implement the Integrated Border Management Strategy and Action Plan in Sri Lanka to protect and manage its borders to ensure national security and safety.
The Cabinet paper was presented by President Maithripala Sirisena in his capacity as the Defence Minister. It was prepared by the National Border Management Committee, which was set up in 2016. The Committee prepared it under grants provided by International Organization of Migration in Australia.
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