You're reading: Ukraine to hunt for oil in Sri Lanka

President Viktor Yanukovych (right) welcomes Sri Lankan President Mahinda Rajapaksa to Kyiv for a three-day visit on June 30.

The presidents agreed that Ukraine will take part in oil exploration and the development of oil deposits in Sri Lanka. Yanukovych announced the formation of an intergovernmental commission on trade and economic cooperation and a Ukraine-Sri Lanka business council. The leaders signed a number of agreements, including on tourism and military technical cooperation. (AP)