Sri Lanka’s CPC will stop bank borrowings to pay taxes against CPC act: Minister
May 21, 2015 (LBO) – Sri Lanka’s state-owned petroleum refiner Ceylon Petroleum Corporation (CPC) is to discontinue the process of paying taxes out of …
Sri Lanka Chevron Lubricants net up 20-pct
July 28, 2014 (LBO) – Sri Lanka’s Chevron Lubricants said profits rose 20 percent to 675 million rupees in the June 2014 quarter from a year …
Sri Lanka to re-start oil refinery
July 16, 2014 (LBO) – Sri Lanka has repaired an offshore unloading buoy allowing state-run Ceylon Petroleum Corporation to re-start its refinery which …
Sri Lanka finds better alternative to Iranian crude: minister
June 27, 2014 (LBO) – Sri Lanka has found a better alternative to Iranian oil to feed its ageing refinery which was not able to get high yield of light …
Sri Lanka looking for alternative ways to unload crude: minister
June 26, 2014 (LBO) – Sri Lanka is looking for a small vessel to unload crude mid-sea from tankers and bring oil to a refinery after a hose in an …
Sri Lanka’s Mattala airport speeds up refueling
June 21, 2014 (LBO) – An aviation fuel hydrant and storage terminal at Sri Lanka’s Mattala Rajapaksa International Airport, has allowed it to …
Sri Lanka eyes nuclear power plant after 2030
June 4, 2014 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has included nuclear power for the first time as a possible power generation …
Lube Moves
May 10, 2014 (LBO) – Malaysia’s Hyrax Oil Sdn. Bhd, will set up a lubricant blending plant in Sri Lanka partnering with state-run Ceylon Petroleum …
Oil Show
TEHRAN, May 6, 2014 (AFP) – Iran’s annual oil and gas fair opens in Tehran on Tuesday, with 600 foreign companies seeking to position themselves …
Fuel Sales
Apr 16, 2014 (LBO) – Losses at Sri Lanka’s state-run Ceylon Petroleum Corporation fell to 7.7 billion rupees in 2013 from 89.6 billion rupees a …
Lubricant Liberties
Nov 26, 2013 (LBO) – Sri Lanka will shortly license more players to sell lubricants in in the island officials said, expanding the freedoms of citizens. …
Petro Gains
Nov 24, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has reached break-even level and made a marginal loss after adjusting for …
Sri Lanka port leases tanks to Litro Gas
Nov 20, 2013 (LBO) – State-run Sri Lanka Ports Authority said it had leased liquefied petroleum gas tanks in a facility at newly built Hambantota port to …
Gas Gains
Nov 10, 2013 (LBO) – Profits at Sri Lanka’s Laugfs Gas rose 50 percent to 619 million rupees in the September 2013 quarter from a year earlier, …
Lube Slip
Oct 25, 2013 (LBO) – Sri Lanka’s Chevron Lubricants reported higher profits with falling base oil prices but said the lubricant market was …
Oil Field
Oct 24, 2013 (LBO) – Cairn Lanka, a unit of Cairn India, which has found natural gas in its off-shore block in Sri Lanka could begin field development by …
Academic Backup
Oct 23, 2013 (LBO) – Sri Lanka’s petroleum exploration office and the university system are looking to expand petroleum related courses as the …
Oil Blocks
Sept 27, 2013 (LBO) – Oil majors Exxon Mobil and Royal Dutch Shell, France’s Total are among the firms that may bid for offshore oil exploration …
Shale Oil
NEW YORK CITY, September 24, 2013 (AFP) – The US shale boom is remaking the nation’s industrial landscape and raising the prospect of energy …
Energy View
PARIS, September 12, 2013 (AFP) – An increase in output should help cushion oil markets seized by tension over a possible conflict in the Middle East, …