Moving Parts

Lanka IOC said it is proceeding forward with plan to set up a lubrication blending plant in Trincomalee despite working capital constraints in its fuel retailing business.

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Lanka IOC said it is proceeding forward with plan to set up a lubrication blending plant in Trincomalee despite working capital constraints in its fuel retailing business.

Lubed Up

At the time of LIOC’s initial public offering the firm said it would set up a 15,000 MT blending plant, investing US$ 800,000 and will spring up on the 850 acre Trincomalee tank farm.