Ceypetco stranded by failed crude deal

摘要

Singapore-Sri Lanka's national oil refiner Ceylon Petroleum Corporation appears to have been left high and dry after a little-known UK-based commodity trader proved unable to come up with 130 days' worth of cheap crude oil it promised to supply from Saudi Arabia,a source at the company told Platts August 23.The collapse of the supply agreement between Ceypetco and UK trading junior SGG LEAD could damage the delicate Sri Lankan economy.The island nation depends entirely on imports to satisfy its oil demand of just over 110,000 b/d for its 20 million inhabitants.