(EnergyAsia, November 30 2012, Friday) — Sri Lanka’s only oil refinery at Sapugaskanda near the capital city of Colombo resumed operations earlier this month after being forced to shut down for about two weeks on October 26.

State-owned Ceylon Petroleum Corporation (CPC) said it had to halt operations at he 50,000 b/d refinery, which is designed to largely process Iranian crude oil, to comply with Western sanctions against the Islamic regime.

The company said it was unable to source for crude oil from other suppliers until November 8.

The Sri Lankan government has estimated the cost to the economy from the plant shut down and the search for alternative crude supplies at about US$1.2 billion.