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Gas Find

Oct 02, 2011 (LBO) - Sri Lankan president Mahinda Rajapaksa has announced that a large natural gas deposit has been found in offshore waters, a presidential …

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, citing …

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, a …

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 ships off …

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 oil …

Oil Transfer

LONDON, July 12, 2011 (AFP) - British oil explorer Cairn Energy on Tuesday announced that it had sold 10 percent of its Indian unit to Vedanta Resources for a …