Targeting Exercise
May 26, 2008 (LBO) – Sri Lanka is developing a scheme to pay fuel subsidies to bus operators that may cost the exchequer 7.0 billion rupees a year, …
Petroleum
Steep Rise
May 24, 2008 (LBO) – After dragging their feet for months Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) jacked up diesel prices by an …
Fuel Mix
May 22, 2008 (LBO) – Indian Oil Corporation's Sri Lanka unit raised diesel retail prices by 20 rupees to 100 rupees a litre putting pressure on the …
Black Gold
May 10, 2008 (LBO) – Sri Lanka is to award its first offshore oil exploration contract before the end of May, petroleum minister A H M Fowzie said. The …
Serendipity
May 09, 2008 (LBO) – Sri Lanka is to start searching for oil onshore after the accidental discovery of gas seeping from the ground, government officials …
On Hold
May 09, 2008 (LBO) – Sri Lanka is keeping retail fuel prices at current levels despite crude oil prices soaring to new highs and mounting losses at the …
Energy Projects
April 29, 2008 (AFP) - Iranian President Mahmoud Ahmadinejad on Tuesday launched a 1.buy doxycycline online buy doxycycline online no prescription …
Pricing Issue
April 16, 2008 (LBO) – Sri Lanka would raise fuel prices before the end of the month after running losses of 7.2 billion rupees in 2008, petroleum …
Persian Present
April 16, 2008 (LBO) – Iranian President Mahmoud Ahmadinejad will flag off a billion dollar oil refinery in Sri Lanka, as part of his state visit to the …
Singleton
April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil …
Offshore Riches
April 15, 2008 (LBO) – Sri Lanka's Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, …
Hedging Profits
April 15, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) said it had earned profits of 7 million US dollars in March reducing …
Oil Deal
April 04, 2008 (LBO) –Sri Lanka is seeking to renew its long-term crude oil supply contract with Iran and wrap up financing to expand its refinery during …
Petro Move
Mar 25, 2008, (LBO) – India's Bharat Petroleum says it is looking for opportunities in Sri Lanka's aviation and retail fuel sectors after launching its …
Fuel Lines
March 19, 2008 (LBO) – Sri Lanka is converting a part of a tank farm to store bunkers or ship fuel and build new pipelines to reduce supply disruptions …
No Hike
March 13, 2008 (LBO) – Sri Lanka's petroleum utility will not raise retail fuel prices at least until the traditional April Sinhala and Hindu New Year …
Pricey Fuel
March 11, 2008 (LBO) – Sri Lanka's state-owned petroleum utility plans to tie up with global ship supplier GAC Ships to sell bunkers or ship fuel in …
Gas Play
March 09, 2008 (LBO) – Sri Lanka's state-owned petroleum utility will enter the liquid petroleum gas (LPG) market by June using fuel dealerships, a top …
Fuel Pricing
March 07, 2008 (LBO) – Sri Lanka's state-owned petroleum utility aims to hold retail fuel prices at current levels for the time being despite crude oil …
Grease Pal
March 07, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) is looking for a joint venture partner to start a lubricant retailing …