Persian Present
April 16, 2008 (LBO) – Iranian President Mahmoud Ahmadinejad will flag off a billion dollar oil refinery in Sri Lanka, as part of his state visit to the …
Offshore Riches
April 15, 2008 (LBO) – Sri Lanka's Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, …
Hedging Profits
April 15, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) said it had earned profits of 7 million US dollars in March reducing …
Singleton
April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil …
Oil Deal
April 04, 2008 (LBO) –Sri Lanka is seeking to renew its long-term crude oil supply contract with Iran and wrap up financing to expand its refinery during …
Petro Move
Mar 25, 2008, (LBO) – India's Bharat Petroleum says it is looking for opportunities in Sri Lanka's aviation and retail fuel sectors after launching its …
Fuel Lines
March 19, 2008 (LBO) – Sri Lanka is converting a part of a tank farm to store bunkers or ship fuel and build new pipelines to reduce supply disruptions …
No Hike
March 13, 2008 (LBO) – Sri Lanka's petroleum utility will not raise retail fuel prices at least until the traditional April Sinhala and Hindu New Year …
Pricey Fuel
March 11, 2008 (LBO) – Sri Lanka's state-owned petroleum utility plans to tie up with global ship supplier GAC Ships to sell bunkers or ship fuel in …
Gas Play
March 09, 2008 (LBO) – Sri Lanka's state-owned petroleum utility will enter the liquid petroleum gas (LPG) market by June using fuel dealerships, a top …
Fuel Pricing
March 07, 2008 (LBO) – Sri Lanka's state-owned petroleum utility aims to hold retail fuel prices at current levels for the time being despite crude oil …
Grease Pal
March 07, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) is looking for a joint venture partner to start a lubricant retailing …
Oil Skills
Mar 04, 2008 (LBO) – Sri Lanka's petroleum exploration unit has started to build up its staff as the island waits for offshore exploration work to get …
Petrol Performance
Feb 27, 2008 (LBO) – Lanka IOC has made a net profit of 282 million rupees for the December quarter compared with a loss of 327 million rupees in the …
Smooth Premium
Feb 27, 2008 (LBO) – Chevron Lubricants Lanka said net profit for the year to December 2007 increased 34 percent to top a billion rupees, with premium …
Exploration
Feb 21, 2008 (LBO) – Petroleum minister A H M Fowzie said Sri Lanka would have lost the confidence of global oil firms if it had postponed the bids for …
Oil Trends
Feb 12, 2008 (LBO) – Lanka IOC is looking to extend its bunker business once new pipelines connecting the Colombo port with storage terminals are laid, …
Slow Going
Feb 08, 2008 (LBO) – A multi-million dollar project to build a new container port in Colombo is on track despite lengthy delays, a Sri Lankan government …
Overlooked
Feb 05, 2008 (LBO) – None of the world's major petroleum companies has bid for the offshore exploration blocks offered by the Sri Lankan government in …
Refined Product
Feb 01, 2008 (LBO) – Two UAE petroleum firms have won Sri Lankan government approval to build the island's second refinery with an investment of 1.2 …