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Sri Lanka Hunts for Cash to Pay Oil Traders for Crude and Fuel

  • Prime minister says government seeks cash for Russian oil
  • Tanker with Vitol gasoline cargo is waiting to discharge

Sri Lanka is trying to come up with cash to pay for oil that’s been sitting on tankers off its coast, amid the south Asian country’s worst economic crisis in a generation.

Unloading procedures for one cargo of gasoline have begun but the ship cannot berth yet because there’s no space for it to do so, according to the harbor master at the port of Colombo. Meanwhile, Prime Minister Ranil Wickremesinghe said the government is also trying to find the cash to complete a rare purchase of crude oil from Russia.