Vitol to be reinstated if guidelines met: Petroleum Min

Sept 14, 2016 (LBO) – Sri Lanka’s Petroleum Minister Chandima Weerakkody said Vitol, the world’s largest oil trading firm, will be reinstated as a supplier if they can prove their products meet necessary guidelines.

“I have called for a report from CPC and the Cabinet Appointed Tender Committee. I was told that the committee approved Vitol, but they have not been registered yet,” he told reporters.

“If the report shows that Vitol meets guidelines, then I have no objection to them being a supplier,” he said.

Vitol has been accused of providing substandard diesel and fuel oil to Sri Lanka in the past, although the company has denied these accusations.

The state-owned Ceylon Petroleum Corporation took Vitol off its supplier list in August 2012 after the Petroleum Ministry said around 150 mostly state-owned vehicles, such as buses, had been affected by the diesel that was supplied, but the company was subsequently re-instated.