In 2003 – Spin Offs

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Downstream petroleum distribution was liberalised this year, being thrown open for three players including state owned Ceypetco. A third player will be selected in Jan., operating alongside CPC and Lanka IOC taking up a third stake in a common infrastructure facility. Come 2004, the Public Utilities Commission will regulate the sector and govern prices; Aviation Fuel will also be spun off next year.rn

rnBelow is a list of LBO Reports on the Petroleum Industry and other related articles.
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