Oil Skills
Mar 04, 2008 (LBO) – Sri Lanka's petroleum exploration unit has started to build up its staff as the island waits for offshore exploration work to get …
Petroleum
Petrol Performance
Feb 27, 2008 (LBO) – Lanka IOC has made a net profit of 282 million rupees for the December quarter compared with a loss of 327 million rupees in the …
Smooth Premium
Feb 27, 2008 (LBO) – Chevron Lubricants Lanka said net profit for the year to December 2007 increased 34 percent to top a billion rupees, with premium …
Exploration
Feb 21, 2008 (LBO) – Petroleum minister A H M Fowzie said Sri Lanka would have lost the confidence of global oil firms if it had postponed the bids for …
Oil Trends
Feb 12, 2008 (LBO) – Lanka IOC is looking to extend its bunker business once new pipelines connecting the Colombo port with storage terminals are laid, …
Slow Going
Feb 08, 2008 (LBO) – A multi-million dollar project to build a new container port in Colombo is on track despite lengthy delays, a Sri Lankan government …
Overlooked
Feb 05, 2008 (LBO) – None of the world's major petroleum companies has bid for the offshore exploration blocks offered by the Sri Lankan government in …
Refined Product
Feb 01, 2008 (LBO) – Two UAE petroleum firms have won Sri Lankan government approval to build the island's second refinery with an investment of 1.2 …
Offshore Wealth
Feb 01, 2008 (LBO) – An oil exploration block nearest to India off Sri Lanka's northwestern coast has become hot property with three petroleum firms …
Oil Search
Jan 31, 2008 (LBO) – Sri Lanka is evaluating bids for offshore oil exploration in the island's north-east from firms in Cyprus and India, petroleum …
Airport Link
Jan 29, 2008 (LBO) – India's Cochin International Airport Limited (CIAL) says it is interested in building an airport in southern Sri Lanka and a …
Fleecing Ethics
Jan 18, 2007 (LBO) -- Sri Lanka's opposition has added fuel to the growing fire over petroleum firms fleecing petrol users to give subsidies to diesel …
Bigger One
Jan 18, 2008 (LBO) -- Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) refinery expansion may be doubled to a 100,000 barrels-per-day project and its …
Diesel Move
Jan 17, 2007 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corporation (CPC) has struck a deal with Trafigura, a petro firm in Singapore, to get up to …
Hi Tech
Jan 16, 2008 (LBO) -- Sri Lanka's downstream petroleum sector is moving to SAP enterprise resources planning software, which will be implemented by the Indian …
Delayed Reaction
Jan 13, 2008 (LBO) – Sri Lanka has raised fuel prices from midnight Sunday with petrol and furnace oil going up by 10 rupees, diesel 5 rupees and …
Gassing Up
Jan 04, 2007 (LBO) – Sri Lanka's second cooking gas retailer raised prices by 17 percent Thursday on a formula approved by the consumer authority while …
Record Highs
NEW YORK, Jan 2, 2008 (AFP) - Oil prices spiked to record closing highs within striking distance of 100 dollars a barrel Wednesday, triggering inflation …
Century!
SINGAPORE, Jan 3, 2008 (AFP) - World oil prices eased in Asian trading on Thursday after briefly hitting 100 dollars a barrel for the first time, jolting …
Northern Hunt
Dec 20, 2007 (LBO) – Sri Lanka plans to invite oil companies to explore for petroleum deposits in new areas in the north of the island, a senior minister …