Category: Petroleum

Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of payments, a top official said Tuesday.Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of […]

Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs.6.00 a litre to Rs. 80 and diesel up by Rs. 4.00 a litre to Rs. 50, just a month after the last price hike.Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs. 6.00 a […]

The head of government’s Strategic Enterprises Management Authority (SEMA) says proposals to build two coal power plants would be accepted to overcome energy crisis as key unions opposed donor-backed reforms.The head of government’s Strategic Enterprises Management Authority (SEMA) says proposals to build two coal power plants would be accepted to overcome energy crisis as key […]

A new draft water policy, to manage Sri Lanka’s surface and ground water, including rainwater, is waiting Mahaweli Ministry approval.A new draft water policy, to manage Sri Lanka’s surface and ground water, including rainwater, is waiting Mahaweli Ministry approval. “We have made certain amendments to the 2003 water policy.It will go for a public consultation […]

Sri Lanka’s electricity sector trade unions to present new reforms model to government on Monday.Sri Lanka’s electricity sector trade unions to present new reforms model to government on Monday. “All the unions will meet on Friday to finalise a new proposal for electricity reforms.We hope to present the final paper to the Ministry of Power […]

Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation.Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation. Indian High commission in Colombo is putting diplomatic […]

State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006.State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006. […]

The government is in the final stages of negotiation with a US based company interested in building a new oil refinery adjoining the one it operates on the outskirts of the capital.The government is in the final stages of negotiation with a US based company interested in building a new oil refinery adjoining the one […]

Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants including AES Kelanitissa off the grid shortly, resulting in rotating blackouts around the island.Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants […]

Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will re-draw the reform plan.Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will […]