05 Feb '12, 12pm

MT @brysonhull #SriLanka borrows a page frm #India to avoid #Iran #oil sanctions quicksand Currency swap of another

* Sri Lanka may use Indian, Sri Lanka rupees * Sri Lanka heavily reliant on Iranian crude * India in talks to upgrade Sri Lanka refinery COLOMBO, Feb 5 (Reuters) - Sri Lanka may avoid a costly squeeze by the United States sanctions on Iranian crude by purchasing it in a currency other than dollars, following India's lead, officials said on Sunday. The Indian Ocean island nation is facing the most potential collateral damage from the sanctions, which are meant to cut off the dollars Washington believes are being used to fund Iran's nuclear ambitions. Sri Lanka imports 93 percent of its oil from Iran, OPEC's second biggest producer, and its sole refinery, the 50,000 barrel-per-day Sapugaskanda plant, can only refine Iranian crude and three or four others that are in short supply. U.S. Deputy Assistant Secretary of the Treasury for Terrorist Financing, Luke Bronin, flew in fo...

Full article: http://sg.news.yahoo.com/sri-lanka-may-drop-dollar-meet-i...

Tweets

#peakoil Americans talk about an Israeli strike...

peakoil.com 05 Feb '12, 12pm

Israel has accelerated, expanded and focused its military drill regimen for the coming conflict. Tuesday, Jan. 31, a divis...

#Israel to attack #Iran over fear of nuclear we...

todayonline.com 06 Feb '12, 11am

JERUSALEM - For the first time in nearly two decades of escalating tensions over Iran's nuclear programme, world leaders a...

Ninja Wanita Dari Iran

blogserius.blogspot.com 10 Feb '12, 5am

Serius Shit - Obefiend tidak akan mengupdate blogserius selama beberapa ketika. 10 Februari 2012, Jumaat selepas Maulidur ...

Conversion of foreign currency

tankinlian.blogspot.com 11 Feb '12, 7am

I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy compa...

The End of Elastic Oil: Filed under: Energy News

The End of Elastic Oil: Filed under: Energy News

altenergystocks.com 07 Feb '12, 1pm

On the demand side, the elasticity of our demand for oil reflects the options we have to using oil for our daily needs. At...

DTN Singapore: Sri Lanka's president to visit Singapore: SINGAPORE : President Mahinda Rajapaksa of Sri Lanka wi...

DTN Singapore: Sri Lanka's president to visit S...

channelnewsasia.com 13 Feb '12, 12pm

SINGAPORE : President Mahinda Rajapaksa of Sri Lanka will be in Singapore for a state visit from February 14-17. Singapore...