Oil Drain

July 4, 2009 (LBO) – The Sri Lanka unit of the Indian Oil Corporation is running out of cash and may not be able to import the next consignment of oil as …

Gas Pricing

June 30, 2009 (LBO) – The Sri Lankan unit of multinational Shell has reduced the price of its liquid petroleum gas while local group Laugfs has hiked its …

Fuel Reach

June 12, 2009 (LBO) – Lanka IOC, the Sri Lankan unit of Indian Oil Corp, wants to seek clarification on reports the island’s government is to amend …

Hedge Loss

May 29, 2009 (LBO) – Lanka IOC, a unit of Indian Oil Corporation said it lost 1.6 billion rupees in the March 2009 quarter against a profit of 890.7 …

Lube Luck

May 25, 2009 (LBO) – Sri Lanka’s Chevron unit said net profit for the March 2009 quarter fell 33 percent to 233 million rupees from a year ago with …