US invites world to take a look at Sri Lanka’s black gold

May 17, 2007 (LBO) – The United States supports Sri Lanka in its effort to develop off shore oil exploration, the country’s ambassadore in Colombo said. “I invited all the countries to explore Sri Lanka’s off shore oil opportunities in the recent Offshore Technology Conference in Houston,” said the US ambassador for Sri Lanka Robert Blake.

Offshore Technology Conference (OTC) was held in Houston, Texas USA during 30 April – 3 May.

“I told all the countries present at that conference that the Unites States supports Sri Lanka in this venture,” he said.

The ambassador’s comments were made at the unveiling of the new corporate identity of Caltex Lubricants Lanka Ltd.

Caltex Lubricants Lanka is owned by the US oil giant Chevron-Texaco which has also expressed interest in bidding for offshore oil exploration blocks in Sri Lankan waters.

Caltex changed its corporate identity to Chevron Lubricants Lanka Ltd., following its parent company which is the majority share holder of the local firm.

Caltex Lubricants Lanka says it changed its name to better reflect its identity as a solid part of the global energy company Chevron.

“Change in the company name reflects that we are a part of a fully integrated global energy company,” says Kishu Gomes, Managing Director of Chevron Lubricants Lanka.

Chevron operates in over 180 countries at almost every stage of energy production from oil exploration to power generation.

The renaming is expected to give the company a unified approach in the global market place, making its brands stronger.

“The way we do business today will remain unchanged,” says Gomes. “However, the new identity will help us to reposition the brands we market.”

The firm manages the marketing of its products for both Bangladesh and the Maldives through the Sri Lankan office.