Sri Lanka's 🇱🇰 Petroleum Corporation denies the $286 per barrel crude oil claim by HSBC CEO

Sri Lanka's 🇱🇰 Petroleum Corporation denies the $286 per barrel crude oil claim by HSBC CEO

⭕️“Oil headline is above $100–$110. If you are now trying to get oil from the Middle East, you may be paying $140–$150.

But the highest I’ve seen is $286 for a barrel of oil that reached Sri Lanka. This is not a country and an economy that can easily afford these kinds of prices sustainably.”

- HSBC CEO Georges Elhedery

⭕️ Sri Lanka imports crude oil solely for the Sapugaskanda refinery. It has neither paid nor agreed to pay $286 per barrel for any crude oil shipment it has procured or contracted. Sri Lanka has only paid $71.99–$113.29 per barrel. - CPC Chairman

#SriLanka #Energy