By Our Political EditorThe Government of Sri Lanka is to reach an agreement with the Government of Oman to secure a funding line of $ 3.6 billion to finance Sri Lanka’s oil procurements, The Sunday Morning learnt. The terms of the agreement would provide the Government of Sri Lanka a five-year grace period and a repayment period spanning 20 years. “The $ 3.6 billion will provide funds for us to purchase fuel for a period of 12 months,” the source added. “These steps would ensure that the country would receive a steady supply of fuel,” the source observed. When contacted by The Sunday Morning, Minister of Energy Udaya Gammanpila did not deny the government-to-government (G2G) agreement to be reached between Sri Lanka and Oman.

Source: The Nation October 02, 2021 19:03 UTC