Sri Lanka seeks US petroleum investors

[TamilNet, Tuesday, 24 April 2007, 10:49 GMT]
Sri Lanka’s Minister for Petroleum and Petroleum Resources Development, A. H. M Fowzie, will lead delegation on May 1 to a key meeting in Texas of investors in oil exploration organized by the US embassy in Colombo, reports said. Minister Fowzie and the US ambassador to Sri Lankan Robert O’ Blake are expected to address the breakfast meeting scheduled for May 1 in Houston, the Daily Mirror reported.

The Sri Lankan delegation to the meeting in Houston will comprise several officials of the Petroleum ministry, the chairman of Caltex Lanka Lubricants Ltd, Kishu Gomes and other key players in Sri Lanka’s petroleum sector, the paper reported.

“Nearly 500 investors will participate at the meeting and our intention is to make them aware of our off shore oil exploration activities, and expose our oil exploration work to them,” Minister Fowzie told the Daily Mirror.

A month ago Mr. O’Blake signed an agreement to grant of US$474,000 to the Sri Lankan Ministry of Finance and Planning to develop the country’s oil and gas sector.

The US grant is to fund technical assistance to the Ministry of Petroleum and Petroleum Resources Development in support of “its efforts to develop a comprehensive oil and gas regulatory system and establish an organizational structure for the regulatory authority,” the US said.

"A well-developed regulatory structure is essential to attracting and keeping high-quality investors in the oil sector," Mr. Blake was quoted as saying at the time.

 

Latest 15 Reports
11.06.19 08:37   Photo
SLA Sinha regiment extorts money from Tamils in Batticaloa
10.06.19 21:30   Photo
Occupying Colombo schemes Sinhala Buddhist settlement in Chemmalai-East, Vanni
09.06.19 20:39   Photo
SL authorities plan to seize 50 acres as ‘Buddha Pooja Boomi’ in Thennai-maravadi
08.06.19 20:36   Photo
Kokku'laay-centric united action needed to counter Colombo wedging North-East
07.06.19 17:16   Photo
Tamils, Muslims need strategic alliance to protect heritage rights in North-East
06.06.19 19:18  
Sinhala Buddhist fundamentalism ultimate trump card in unitary ‘Sri Lanka’: Suresh
05.06.19 23:20   Photo
Sinhala monk named Galgamuwe ‘Santhabodhi’ spearheads Buddhicisation of Mullaiththeevu
04.06.19 19:02   Photo
SL military, police suppress traces of officer involved in fatal accident
03.06.19 22:32  
Muslims learn hard lesson on modus operandi of Sinhala majoritarianism: Journalist
02.06.19 12:14  
SL Forest Department seizes 1,500 acres of lands opposite Tamil Heroes Cemetery in Champoor
01.06.19 23:18   Photo
Prejudiced Archaeology Dept escalates ethnic tensions in Trincomalee: Civic Councillor
31.05.19 22:11  
IC failing to impose mediated solution, ultimately responsible for escalating Sinhala chauvinism
30.05.19 17:37   Photo
SL Archaeology Dept steps up controversial construction work in Trincomalee
29.05.19 21:28   Photo
SL police, backing monk, commit hate-crimes against Tamils, says assaulted journalist
28.05.19 18:04   Photo
Colonising Sinhala Buddhist monks, officials provoke Saiva Tamils in Trincomalee
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=21966