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A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
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Tuesday, March 13, 2012
Sri Lanka's potential oil reserves spark global interest
The Mannar Basin is believed to hold vast reserves of oil that many companies are keen tap into
By Charles Haviland
As hopes grow in Sri Lanka that viable reserves of oil are about to be discovered in its seawaters, commentators are speculating about the intentions of India, China and Russia in prospecting for it.
Recent Indian media reports suggested that India does not want countries other than itself and Sri Lanka to get involved in oil exploration in the Palk Strait between the two countries. But these have not been confirmed.
Meanwhile the Sri Lankan government says it is "confident" that traces of petroleum in its waters will have commercial value.
And it wants a variety of companies and countries to prospect for it.
