Offshore Wealth
Feb 01, 2008 (LBO) – An oil exploration block nearest to India off Sri Lanka's northwestern coast has become hot property with three petroleum firms …
Oil Search
Jan 31, 2008 (LBO) – Sri Lanka is evaluating bids for offshore oil exploration in the island's north-east from firms in Cyprus and India, petroleum …
Airport Link
Jan 29, 2008 (LBO) – India's Cochin International Airport Limited (CIAL) says it is interested in building an airport in southern Sri Lanka and a …
Fleecing Ethics
Jan 18, 2007 (LBO) -- Sri Lanka's opposition has added fuel to the growing fire over petroleum firms fleecing petrol users to give subsidies to diesel …
Bigger One
Jan 18, 2008 (LBO) -- Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) refinery expansion may be doubled to a 100,000 barrels-per-day project and its …
Diesel Move
Jan 17, 2007 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corporation (CPC) has struck a deal with Trafigura, a petro firm in Singapore, to get up to …
Hi Tech
Jan 16, 2008 (LBO) -- Sri Lanka's downstream petroleum sector is moving to SAP enterprise resources planning software, which will be implemented by the Indian …
Delayed Reaction
Jan 13, 2008 (LBO) – Sri Lanka has raised fuel prices from midnight Sunday with petrol and furnace oil going up by 10 rupees, diesel 5 rupees and …
Gassing Up
Jan 04, 2007 (LBO) – Sri Lanka's second cooking gas retailer raised prices by 17 percent Thursday on a formula approved by the consumer authority while …
Record Highs
NEW YORK, Jan 2, 2008 (AFP) - Oil prices spiked to record closing highs within striking distance of 100 dollars a barrel Wednesday, triggering inflation …
Century!
SINGAPORE, Jan 3, 2008 (AFP) - World oil prices eased in Asian trading on Thursday after briefly hitting 100 dollars a barrel for the first time, jolting …
Northern Hunt
Dec 20, 2007 (LBO) – Sri Lanka plans to invite oil companies to explore for petroleum deposits in new areas in the north of the island, a senior minister …
Second Try
Dec 02, 2007 – Sri Lanka's plans to double its refinery capacity, which were dealt a severe blow after politicians fixed fuel prices last August, would …
Ill Wind
Dec 01, 2007 (LBO) – Sri Lanka's power engineers are protesting a controversial deal with Enercon, an Indian energy firm, alleging a massive procurement …
Flying Oil
Nov 27, 2007 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, had applied to supply aviation fuel at a proposed new airport in southern Sri Lanka, a …
Top Dog
SHANGHAI, Nov 5, 2007 (AFP) - PetroChina became the world's largest company by market value Monday, worth nearly one trillion dollars -- double the value of …
Mini Hydro
Oct 30, 2007 (LBO) – Sri Lankan mini hydro power company Vidullanka Tuesday said net profit for the first half ending September 30, 2007 was up nine …
Smooth Ride
Oct 29, 2007 (LBO) – Chevron Lubricants Lanka said net profit for the September quarter shot up 78 percent to 325 million rupees from the same quarter a …
Offshore Business
Oct 18, 2007 (LBO) – Two of Sri Lanka's top listed conglomerates, John Keells Holdings and Hayleys are positioning themselves to exploit business …
Big Airbus
TOULOUSE, France, Oct 15, 2007 (AFP) - Airbus was to make the first delivery of its A380 superjumbo jet on Monday to Singapore Airlines, with elation and …