Wednesday, June 3, 2009

Lanka to acquire new oil bed

By Sunil Jayasiri

(DM)Sri Lanka is hoping to acquire its own oil resources with the expansion of its Exclusive Economic Zone (EEZ) in the eastern part of the country which is now pending approval by the United Nations (UN), a top government official said.

A spokesman for the Fisheries Ministry which took part in formulating the report to the UN said the expanded sea area that Sri Lanka was now claiming contains sedimentation thickness from some 20 kilometres to four kilometres which will have hydrocarbon or oil. Full text