Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting. Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting. Saudi Arabia has been a long standing friend, says Finance Minister Dr. Sarath Amunugama and they have promised to ‘put in a word’ when Sri Lanka meets OPEC shortly.
The oil rich country parted with a few pennies on Thursday by lending Rs. 1099 mn (40 mn Saudi Riyals) to upgrade an 18 km stretch of the Batticaloa-Trincomalee road.
The road which is 138 km in length, is the shortest stretch between both cities.
The Kinniyai ferry in Koddiyar Bay is the main obstacle for the link of the two cities. The 550 m length mechanized ferry in the only mode of transport to serve more than 60,000 people.
Amunugama says 6,000 people and 200 vehicles used the ferry every day.
Sri Lanka is counting on OPEC support for some sort of an aid package to tide over balance of payment problems, as world crude oil prices race towards the psychological US$ 50, wreaking havoc to economies worl