Petroleum

Oil Status

VIENNA, August 9, 2011 (AFP) – The OPEC group of petroleum exporting countries slightly lowered its forecast Tuesday for 2011 and 2012 crude oil demand, …

Fuel Test

Aug 02, 2011 (LBO) – Petroleum products imported into Sri Lanka are unloaded and distributed only after they are tested and meet the required standards, …

Bunker Biz

July 27, 2011 (LBO) – Mc Marine (Pvt) Ltd, a newly incorporated bunkering unit of Sri Lanka’s McLarens shipping group which is planning to cater to …

Oil Case

July 12, 2011 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has been asked to pay 162 million dollars to Standard Chartered Bank over …

Oily Issue

July 1, 2011 (LBO) – Long queues of cars have built up around some fuel stations of the Sri Lanka unit of India Oil Corporation after car owners …

Oil Trend

May 31, 2011 (LBO) – Lanka IOC, the Sri Lanka unit of Indian Oil Corporation lost 111 million rupees in the March 2011 quarter, on revenues of 16.2 …

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