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Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Sri Lanka's potential oil reserves spark global interest

Sri Lanka's potential oil reserves spark global interest

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thighrokker


Manager - Equity Analytics
Manager - Equity Analytics
s hopes grow in Sri Lanka that viable reserves of oil are about to be discovered in its seawaters, commentators are speculating about the intentions of India, China and Russia in prospecting for it.

Recent Indian media reports suggested that India does not want countries other than itself and Sri Lanka to get involved in oil exploration in the Palk Strait between the two countries. But these have not been confirmed.

Meanwhile the Sri Lankan government says it is "confident" that traces of petroleum in its waters will have commercial value. ....

Full atricle here...

Any implications?

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What if there's a massive oil reserve just around the corner where people are exploring right now in the northern parts of the region and what if USA knows about it. What does USA usually do in a such a situation? Is that already happening?

K.Haputantri

K.Haputantri
Co-Admin
If oil reserves of commercial value are found, SL will become an another battle ground for powerfull nations like what is happening in the Middle East. They have already laid the foundation for that and we have knowingly/unknowingly strengthened their game plan. Those who play cheap politics should understand this. Especially those who trump up communal claims in both sides should think on this.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@aj wrote:What if there's a massive oil reserve just around the corner where people are exploring right now in the northern parts of the region and what if USA knows about it. What does USA usually do in a such a situation? Is that already happening?

Oil could be our best friend or worst enemy. Also oil can make some our best friends and others worst enemies.

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