Ceylon Petroleum Corporation

Subsidiary of Sri Lanka’s Ministry of Petroleum Resources Development.

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"Iranian and Sri Lankan oil ministers have begun a fresh round of oil talks over signing the first oil sale contract in the post-sanction era. With the passage of seven months since sanctions removals and Iran’s entrance to post-sanction period, a new round of oil talks between Iran and Sri Lanka kicked off today in Tehran at presence of Iran’s Oil Minister Bijan Zanganeh as well as the Sri Lankan Minister of Petroleum Resources Development Chandima Weerakkody. Sri Lanka marks a traditional customer of Iranian crude as 100 per cent of the oil demand in its only oil refinery, Ceylon Petroleum Corporation, was supplied by Iran before the imposition of international sanctions. Speaking on the sidelines of a meeting with his Sri Lankan counterpart, Iran’s Zanganeh said the ties between the two countries, which had halted due to sanctions, will be reinvigorated; 'being situated in the Indian Ocean region, Iran and Sri Lanka are naturally in conjunction with each other.' ... Recently, National Iranian Oil Company (NIOC) Executive Director for International Affairs Seyed Mohsen Ghamsari had announced that oil exports to Sri Lanka has not started yet adding 'NIOC executives in Singapore have launched talks with officials if Ceylon Petroleum Corporation over resumption of oil sales.'" (Mehr News Agency, "Iran to seal oil sale deal with Sri Lanka," 7/24/2016)