Petrol Fiasco
Aug 29, 2011 (LBO) - A Sri Lanka government committee probing the import of substandard petrol which damaged vehicles has recommended payment of compensation …
Petroleum
Oil Attraction
Aug 17, 2011 (LBO) - State-run Russian oil firm Gazprom has visited Sri Lanka for talks on exploring oil off the coast of Mannar in the island's east the …
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 …
Offshore Support
July 18, 2011 (LBO) - Sri Lanka's Hayleys conglomerate has strengthened its bid to provide support for offshore oil exploration work to begin in August by …
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 …
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 …
Support Service
July 11, 2011 (LBO) - Cairn India which is exploring for petroleum resources off Sri Lanka has called for proposals for oil spill response equipment and …
Petroleum Post
July 07, 2011 (LBO) - Sri Lanka's government is seeking a new head for the Petroleum Resources Development Secretariat (PRDS), to lead the island's search for …
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 complained of …
Fuel Fiasco
June 30, 2011 (LBO) - Sri Lanka's petroleum industries minister has rejected allegations the government imported low quality petrol, saying motorists whose …
Refining Revision
June 20, 2011 (LBO) - Sri Lanka is holding talks with Iran to get more funds to expand its sole oil refinery after new feasibility studies indicated the cost …
Russian Interest
June 19, 2011 (LBO) - A team from Russia's Gazprom would visit Sri Lanka to discuss oil exploration, building a refinery and using liquefied natural gas in the …
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. online …
Dicey Deals
May 24, 2011 (LBO) - Sri Lanka is continuing its legal defence in action filed by international banks over petroleum derivatives sold to a state-run oil …
Oil Mercantilism
Apr, 08, 2011 (LBO) - A top US monetary economist has poured cold water on fears about the world running out of oil, an idea which gains special prominence …
Half Share
Apr 05, 2011 (LBO) - Sri Lanka's Laugfs Gas will get 50 percent of the liquefied petroleum gas (LPG) produced by state-run Ceylon Petroleum Corporation, up …
Petrol Hike
Apr 02, 2011 (LBO) - Sri Lanka has raised fuel arbitrarily jacking up petrol far above cost while keeping diesel mostly used mostly by businesses low, …
Buck Stops
Mar 10, 2011 (LBO) - Most of the loss of Ceylon Petroleum Corporation, Sri Lanka's state-run petroleum retailer is due to subsidized sale of furnace oil to a …