Category: Petroleum

June 21, 2007 (AFP) – The tsunami-devastated Galle International Stadium may not be ready to host the first Test against England later this year.England are scheduled to play at the ground, one of the world’s most picturesque cricket venues, overlooked by a centuries-old Dutch Fort, at the start of December. However, a senior official connected […]

WASHINGTON, June 17, 2007 (AFP) – A fiery debate has been rekindled in Washington as US lawmakers mull proposed incentives to produce diesel fuel from coal.“By using one of our nation’s most abundant natural resources, coal, to produce transportation fuels, we can address fuel cost concerns, make our nation less reliant on imports from politically […]

June 16, 2007 (LBO) – Sri Lanka’s power utility has increased its hydro storage after heavy rains in the last three days, and if the trend continues it may be able to avoid power cuts in the immediate future, LBO learns. The Ceylon Electricity Board warned that power cuts were imminent after monsoon rains were […]

June 15, 2007 (LBO) – Sri Lanka will be able to light up 60,000 rural homes and also connect new private-sector renewable energy to the urban power grid with a new World Bank credit, the multilateral lender said. Only three-fourths of households in Sri Lanka have grid-connected power and it is too expensive for the […]

June 12, 2007 (LBO) – A blast ripped through a vital high voltage electricity transmission line in a suburb of Sri Lanka’s capital Colombo, but it failed to disrupt power supplies, officials and police said. It was not known who carried out the latest attack, but Sri Lanka’s Tamil Tiger guerillas had earlier bombed a […]

June 12, 2007 (AFP) – Tamil Tiger saboteurs came close to cutting off a large chunk of Sri Lanka’s electricity supply Tuesday by skirting tight security and setting off a bomb against a key power line, officials said.The device, which was rigged to a timer, was attached to a steel pylon located between a key […]

TEHRAN, June 6, 2007 (AFP) – Iran hopes to begin a much-delayed plan to ration petrol in the next two weeks amid continued uncertainty over its launch date, officials said on Wednesday. The plan, aimed at reducing colossal subsidies paid by the state to finance oil-rich Iran’s frenzied petrol consumption, envisages forcing consumers to pay […]

June 10, 2007 (LBO) – Sri Lanka is on the brink of the dangerous path of petrol and diesel rationing, which will give set amounts of subsidized fuel to users, reports said. Related Story Rata Perata: Oil-rich Iran to ration petrol to get out of subsidy fiasco Updated The weekly Nation newspaper said the government […]

June 6, 2007 (LBO) – Sri Lanka’s state electricity utility warned that power cuts would be imposed if monsoon rains do not come in the next two weeks to boost its hydro storage capacity. It engineers have warned the media last month that another unsuitable 300 MegaWatt thermal plant is being forced on the utility […]

June 05, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, has started a marine bunkering operation by supplying diesel to ships off the east coast of the island, an official said.“We made a humble beginning using our facilities in Trincomalee by offering bunkering services selling diesel oil to two vessels a […]

May 30, 2007 (LBO) – India’s National Thermal Power Corporation (NTPC) which is hoping to build a coal plant with Sri Lanka’s power utility has asked for Indian government help to change its proposed location, reports said. Eastern Sri Lanka has seen heavy fighting in the past year as government troops systematically took back areas […]

May 29, 2007 (LBO) – Globeleq, a unit of CDC investment group which is raising a billion dollars by selling power sector assets in Sri Lanka and other countries, says it is looking for new projects. “This is excellent news for emerging markets. Greater access to reliable energy continues to be a high priority for […]