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Lube Control

Nov 28, 2013 (LBO) - Sri Lanka's Colombo Dockyard, a ship repair and building firm, found its competitiveness hurt by import restrictions on specialist lubricants.
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Sri Lanka requires a 'no objection' letter from the government to import lubricants as it is a licensed business on which the state has placed import restrictions.

A Dockyard official told a business forum in Colombo that competing countries like Singapore or Dubai could supply any brand of lubricants demanded by ship owners quickly.

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Dockyard on the other had faced delays in getting approval to import specialist brands of lubricants.

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Petroleum ministry additional secretary Sandya Wijebandara said all efforts would be made to speed up approvals when requests were made.

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