In a strategic move to enhance energy security and strengthen international trade partnerships, Sri Lanka is exploring new fuel import opportunities from Nigeria, one of Africa’s leading oil-producing countries. This initiative supports the country’s commitment to diversifying its energy sources while ensuring stable supply amid global market shifts.
The Ceylon Petroleum Corporation (CPC), which supplies around 60% of Sri Lanka’s fuel needs, has taken proactive steps by initiating product testing of Nigerian petroleum samples to assess their viability for local use. This forms part of a broader effort to expand Sri Lanka’s global fuel sourcing network and reinforce supply chain resilience.
“This move reflects our goal to secure long-term partnerships and reduce dependency on limited supply channels,” said CPC Chairman D.A. Rajakaruna. “It also opens up opportunities for trade cooperation with emerging energy markets like Nigeria.”
As global oil prices respond to external developments, Sri Lanka’s diversification strategy is seen as a positive step toward sustainable and flexible fuel procurement. It also aligns with broader trade objectives by fostering bilateral ties with new partners in the energy sector.
Sri Lanka continues to work with existing suppliers including Sinopec, Lanka Indian Oil Company (LIOC), and RM Parks, while looking to expand its reach and build new trade relationships that support national energy needs and economic development.
With a focus on securing stable supply through innovation and global collaboration, Sri Lanka is positioning itself as a resilient trade partner in the dynamic energy landscape.
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