TMCnet News
Sri Lanka to speed up oil exploration in deep sea(Comtex Energy Via Thomson Dialog NewsEdge)COLOMBO, Jan 18, 2006 (Xinhua via COMTEX) -- The Sri Lankan government will expedite oil exploration operations in the deep sea around the country to discover more oil and gas deposits within the next three years, Daily News reported Wednesday. "We are expecting to discover oil deposits within the next three years, which will help us become one of the richest nations in the region," Minister of Railways and Transport, Petroleum and Petroleum Development A.H.M Fowzie said. He said that it has been scientifically proved that oil and other petroleum related gases could be found in and around the sea of Sri Lanka. Fowzie said more efforts have to be made to build the country's economy and to protect national resources for the future generation. |