Expedite investment process – Wickramasuriya

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Chairman of the Petroleum Development Authority of Sri Lanka (PDASL) Saliya Wickramasuriya said as they had set aside 873 plots in the Mannar Basin for petroleum extraction, the process of attracting investors should be expedited.

He said in the recent past most of the investors had shown a great deal of reluctance to invest in the project, but added that all teething problems concerning investors have now been sorted out. He further said they had now provided the investors with the opportunity to choose any plot they deem suitable to carry out the extraction work. Wickramasuriya said extraction should be carried out to determine whether usable gas and petroleum is available in the Mannar Basin.

By Vineetha M. Gamage