The Energy Ministry is taking steps to locate investors for the exploration of crude oil deposits in the Mannar Basin. Subject Minister Udaya Gammanpila, accordingly, is set to visit Dubai this week in search of investors.
During his visit, Minister Gammanpila is set to attend discussions with the officials of several companies, including Exxon Mobil, one of the largest companies in the world.
The existencce of crude oil deposits in the Mannar Basin has been conversed of for decades and the dialogue has taken another boost with the fuel import crisis.
Gammanpila recently told media that all debts in Sri Lanka could be settled, had the oil been explored.