Browsing: Petroleum

Shri Lanka its worst economic downturn

Sri Lanka received Russian oil on Saturday to restore operation at the country’s lone refinery, which might eventually be subjected to a European embargo, according to the energy minister. The island nation is experiencing its worst economic downturn since independence, with fuel and other essential goods shortages making life difficult for its 22 million residents. Supply from Russian Petroleum The state-owned Ceylon Petroleum Corporation (CPC) refineries was closed in March as a result of Sri…