World | Other World Stories
Iran's Ahmadinejad launches Sri Lanka refinery work
Iranian President Mahmoud Ahmadinejad launched a project to boost the capacity of Sri Lanka's main oil refinery on Tuesday.
- Agencies
- Published: 10:49 April 29, 2008
Colombo: Iranian President Mahmoud Ahmadinejad launched a project to boost the capacity of Sri Lanka's main oil refinery on Tuesday.
The project is part of Sri Lanka's $1.5 billion loan from Iran, which seeks to extend its energy ties in South Asia.
The loan will fund a raft of infrastructure projects in Sri Lanka, including boosting oil refinery capacity and a 100 megawatt hydropower project.
"We are seeking justice and fair play in the world and Sri Lanka and Iran have agreed to cooperate in all spheres for the mutual benefit of each other," Ahmadinejad told reporters late on Monday on his arrival in Sri Lanka.
Ahmadinejad visited Pakistan on Monday to seal a $7.6 billion pipeline deal and is travelling to India later on Tuesday to iron out plans for the cross-border pipeline deal.
More from Other World Stories
More from World
News Editor's choice
-
6,000 cups and counting: Addicted to that tea
This cafeteria in Al Mamzar attracts thousands of customers daily, including the rich and not so rich
-
Swimming pool horror: Twins hospitalised
Twins rushed to hospital after collapsing from chlorine inhalation at swimming pool in their villa
-
Play your cards right with credit card interest
UAE Central Bank plans to cap interest rates, but are you paying thirty-five per cent now?
