Tag: lbo
Sri Lanka citizen group calls for halt to anti-Muslim nationalism
Mar 08, 2013 (LBO) – Friday Forum, a Sri Lankan citizen’s group has asked the administration to take steps to stop rising fascist-nationalist actions directed at the island’s Muslim community.“The Friday Forum urges you to act immediately and decisively to counter the increasingly venomous and strident anti-Muslim hate campaign launched by a few extremist groups […]
Nothing There
Mar 01, 2013 (LBO) – Cairn Lanka (Pvt) Ltd has not found any oil in its fourth exploration well, its parent company said in a stock exchange filing.Cairn India said the well found “thick high quality re servoir sands, which were not hydrocarbon bearing,” and it was plugged and abandoned. The data from the well […]
Capital Costs
Feb 24, 2013 (LBO) – An upgrade to Sri Lanka’s 50,000 barrels refinery a day involving doubling of is capacity and boosting light distillate yields could cost up to 1.5 billion US dollars, officials said. Petroleum minister Anura Yapa told reporters Saturday that feasibility and front-end-engineering-design (FEED) has already been completed for the project. Sri […]
Fuel Hike
Feb 23, 2012 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has raised petrol by 3.0 rupees to 162 rupees a liter and auto diesel by 6.0 rupees 121.0 a litre, with super diesel being raised by 3.0 rupees to 145.0 reports said. Sri Lanka’s power regulator, the Public Utilities Commission of Sri Lanka has […]
Saudi recalls envoy from Sri Lanka
RIYADH, Feb 20, 2013 (AFP) – Saudi Arabia has recalled its ambassador from Colombo in a tit-for-tat move amid tensions after a Sri Lankan nanny convicted of murder was beheaded in the kingdom, the official SPA news agency reported.“Based on the decision by the Sri Lankan government to withdraw its ambassador from the kingdom, the […]
Sri Lanka in diplomatic relations with Saint Vincent and the Granadines
Feb 19, 2013 (LBO) – Sri Lanka has established diplomatic relations with Saint Vincent and the Granadines, the foreign ministry said. Saint Vincent and the Granadines belong to the British West Indies and is a part of the Commonwealth of Nations. The foreign ministry said Sri Lanka’s permanent representative to the United Nations of the […]
Oil Offer
Feb 18, 2013 (LBO) – Sri Lanka is kicking of a second licensing round for off-shore oil blocks with road show starting in Houston on March 07, reports said.A notice on Sri Lanka’s petroleum resources development office said bidders conferences will also be held in London on March 12, and in Singapore on March 21 […]
Oil Plans
Feb 18, 2013 (LBO) – Sri Lanka is planning to offer up to 11 off-shore oil blocks on production sharing deals in a bidding round that will close around September and others where less data is available for joint study, a media report said. Sri Lanka is to open a second bidding round in March […]
Diversifying Strategy
Feb 18, 2013 (LBO) – LankaIOC, a unit of Indian Oil Corporation is planning to deal in petrochemicals such as polyethylene and polypropylene, to diversify its product portfolio, an official said.Dakwale told reporters earlier this month that the firm was planning to retail Euro III grade diesel following a request from Sri Lanka’s motor sector.It […]
Petro Balance
Feb 15, 2013 (LBO) – Profits at Lanka IOC, a Sri Lanka unit of Indian Oil Corporation rose 16 percent to 728 million rupees in the December 2012 quarter from a year earlier, partly helped by forex gains, an official said. About 27 percent of the retail price of petrol is made up of government […]
Diesel Standard
Feb 12, 2013 (LBO) – Indian Oil Corporation’s Sri Lanka unit said a shipment of diesel which had been held up at Colombo port following a quality test was found to be off specification in colour and appearance and not in core chemical properties.In some countries colour is not a criteria and in Sri Lanka […]
Sri Lanka should end secrecy of parliamentary committees: legislator
Feb 11, 2013 (LBO) – Sri Lanka should consider ending secrecy surrounding the proceedings of parliamentary committees, a member of the legislature’s committee on public accounts (COPA) has said.Before liberty properly developed in Britain, whose parliamentary traditions Sri Lanka sometimes claim to follow, all proceedings in the legislature were secret. Newspaper editors were punished and […]