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Iran, Sri Lanka to negotiate over oil debts

Oil&Gas Materials 14 January 2014 12:10 (UTC +04:00)

Baku, Azerbaijan, Jan. 14
By Rahim Zamanov - Trend:

Sri Lankan Minister of Industry and Commerce Rishad Bathiudeen will arrive in Tehran on Tuesday to take part in the two countries' 10th joint economic commission, the ISNA News Agency reported on Jan. 14.

Trade preferential agreement, water and dam projects, financing projects, and Sri Lanka's $250 million oil debt to Iran will be discussed in the event.

Iranian Industry, Mine, And Trade Minister Mohammad-Reza Nematzadeh will also attend the two-day event.

The Sri Lankan minister also plans to hold talks with Iran's high-ranking economic and political officials.

Iran and Sri Lanka have had official diplomatic relations since 1961.

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