Petroleum

Oil Bid

July 8, 2013 (LBO) – Ceylan Energy, a Sri Lanka based start-up oil firm will bid for an exploration block, partnering with international operators, a …

Oil Pipe

May 28, 2013 (LBO) – State-run Ceylon Petroleum Corporation is repairing an off-shore oil pipeline is expected to completed Tuesday allowing crude to be …

Crude Plan

May 23, 2013 (LBO) – Sri Lanka will re-start its 50,000 barrels per day refinery on May 24, after getting a stock of Omani light crude, petroleum …

Slipping

Apr 24, 2013 (LBO) – Demand for lubricants fell in the first quarter, on the back of a slowing economy and lower thermal power generation but profits at …

Petro Law

Apr 18, 2013 (LBO) – Sri Lanka will introduce a new law on oil exploration and incorporate a separate entity to regulate upstream petroleum activities, …

Tank Tug

May 21, 2013 (LBO) – Sri Lanka will negotiate with Lanka IOC, a unit of Indian Oil Corporation. to take back unused oil tanks it had been given in the …