	sri lanka plans to renew abu dhabi oil contract ceylon petroleum corp cpc has decided to renew its one year contract with abu dhabi for tonnes of upper zakum  oil cpc officials told reuters they said cpc made the recommendation to the cabinet and is now awaiting its approval cpc s one year contract with abu dhabi expired on may this year and it wants the renewed contract to begin on june at the government selling price delivery will be determined in the course of the year last year shipments were in three parcels of tonnes each and four of tonnes each cpc officials also said the company agreed with the egyptian government for the supply of tonnes of gulf of suez  for delivery in two shipments this year at the government selling price last year cpc bought tonnes gulf of suez through c itoh officials said plans to buy tonnes of basra light from iraq have not been finalised yet because of several constraints cpc said it could not accept tonne parcels and proposed to lift tonnes in eight shipments iraq national oil co inoc told cpc a red sea port where lifting was to take place could not accept small ships inoc then proposed to deliver eight shipments of tonnes each cpc said inoc planned to ship the oil to an indian port for delivery of indian requirements later going to colombo to offload cpc s needs but cpc considered this unsuitable cpc said it had not received a reply from inoc since december sri lanka imports all its annual needs of mln tonnes this year it plans to buy tonnes on the spot market compared with about mln tonnes last year reuter 
