Sunday, November 07, 2004

An oil for weapons deal

Iran and Sri Lanka are exploring the possibility of a bi-lateral deal where the former will supply crude oil on concessionary terms. In return Sri Lanka is to agree to purchase some of the country’s defence needs from Iran.

Insiders say an official delegation will visit Teheran shortly for talks in this regard. These talks are a prelude to a proposed visit to Iran by President Chandrika Bandaranaike Kumaratunga.