Sri Lanka Offers Oil Blocks to Reliance, Cairn

14 September 2009 (Last Updated September 14th, 2009 18:30)

The Sri Lankan Government said that it will offer oil blocks to Reliance Industries and Cairn Energy for exploration. The blocks on offer to RIL are situated in the Southern and Mannar basins, according to Bloomberg. The country, which is recuperating from 30 years

The Sri Lankan Government said that it will offer oil blocks to Reliance Industries and Cairn Energy for exploration.

The blocks on offer to RIL are situated in the Southern and Mannar basins, according to Bloomberg.

The country, which is recuperating from 30 years of civil unrest, is anticipating overseas investment across a number of industries to rise to $1bn this year, from $835m in 2008.