Brief Respite
January 25, 2007 (LBO) - Sri Lanka plans to import more refined petroleum products as its sole refinery shuts down for routine maintenance next week, a top …
Petroleum
Slipped In
January 25 (LBO) – Sri Lanka has allowed six more firms from India, France, China and the Middle East, to market lubricants locally, with three others …
Talking Up
MUMBAI, Jan 23, 2007 (AFP) - India's largest private phone company, Bharti Airtel, posted Tuesday a third quarter net profit surge, which more than doubled and …
Jaffna Power
January 18, 2007 (LBO) – Sri Lanka's power utility has signed up a new independent power supplier for the northern Jaffna area, and extended the …
It’s Official
January 9, 2007 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corp. has laid the foundation stone on its upcoming lubricant blending plant over …
Bingo
January 5, 2007 (LBO) – Sri Lanka Friday inked a 5.16 billion rupee (47.8 million dollar) agreement with Indian fuel retailer Lanka IOC Ltd. to settle a …
Costly Ride
January 4, 2007 (LBO) – Gasoline prices in Sri Lanka will go up by 5-percent, to keep pace with rising world oil prices that are currently hugging the 60 …
Early Warning
January 2, 2007 (LBO) – Gasoline prices are likely to go up by 5-percent in Sri Lanka, the state-run fuel retailer warned Tuesday, as global oil prices …
Fresh Slate
December 30 (LBO) – The Sri Lanka government has agreed to offload half the 60 billion-rupee long-term debt of the Ceylon Electricity Board from January …
Pipeline Plans
December 29 (LBO) – Sri Lanka has signed a deal Friday with India’s National Thermal Power Corporation to build a 500 million dollar coal power …
Earnings Squeeze
December 20, 2006 (LBO) – Caltex Lubricants Lanka said Wednesday that earnings in 2007 will take a hit, after the government upped taxes on base oil, …
Green Business
December 19, 2006 (LBO) – Sri Lankan businesses are cashing in on a booming market for carbon finance, selling carbon credits at increasing prices to …
Oil Buddies
December 18, 2006 (LBO) – Sri Lanka is scouting for international experts to help the island hedge part of its hefty oil bill next year, Petroleum …
Energy Link
December 14, 2006 (LBO) – India and Sri Lanka are due to ink a million dollar agreement as early as next year to set up a mega transmission power line …
Better Deal
Dec 05 (LBO) – Sri Lanka's small hydro developers are in talks with the government for a new electricity tariff, to be finalised in about a month, as …
Light Load
December 2, 2006 (LBO) – Sri Lanka plans to build a 300 megawatte liquefied natural gas plant with Iranian assistance, the government said Saturday. …
Horrible Dream
November 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd sank deeper into the red posting a 605 million net loss during the quarter ending Sept., as …
Southern Airport
WEERAWILA, Sri Lanka, Nov 19, 2006 (AFP) - Sri Lanka's president Sunday marked his first year in office by launching work on a new international airport to …
Grid Failure
Nov 15 (LBO) - Sri Lanka was blacked out for nearly two hours Wednesday as the national grid shut down during the even peak demand hour. online pharmacy buy …
No Cash
Nov 07 (LBO) – Sri Lanka is to ask Reliance Industries of India and Petronas of Malaysia for extended credit on fuel purchases, to ease recent pressure …