Oil Hunt
Oct 11, 2007 (LBO) – Sri Lanka's Petroleum Ministry said Thursday that 42 companies including seven oil majors attended a series of road shows held to …
Power Plan
Oct 09, 2007 (LBO) - Fresh legislation to regulate the power sector is being readied after Sri Lanka's highest court said an earlier plan to break up the …
Female Flyers
Oct 03, 2007 (LBO) – Sri Lanka may boast of having had the world's first woman prime minister and her daughter as the island's first female president, …
Northern Power
Sept 27, 2007 (LBO) – A Malaysian firm which has bought a listed construction firm in Colombo has said it had bought an independent power producer (IPP) …
More Lube
Sept 14, 2007 (LBO) – The Sri Lanka has given approval for three more companies to sell lubricants in the island, raising to nine the number of companies …
Price War
Sept 13, 2007 (LBO) – The bunker fuels subsidiary of John Keells Holdings, a top money-spinner of the group, looks set to face heightened competition …
Peak Price
SINGAPORE, Sept 13, 2007 (AFP) - Crude oil prices weakened in Asian trade Thursday on profit-taking after scaling new peaks on concerns over tight US supplies …
Gas Market
Sept 13, 2007 (LBO) – Lanka Auto Gas and Fuel Systems (LAUGFS) plans to set up a gas storage terminal in southern Galle at a cost of 12 million dollars, …
New High
VIENNA, Sept 11, 2007 (AFP) - OPEC exporters agreed Tuesday to pump an extra 500,000 barrels of oil a day to cool near-record crude prices, in a victory for …
Hedging Game
Sept 11, 2007 (LBO) – Lanka IOC, the Sri Lanka unit of the Indian Oil Corporation, has started to hedge oil imports with positive initial results, an …
Kero Hurdle
Sept 6, 2007 (LBO) – Sri Lanka would make a fixed payment to poor households on income support from this month but limit a promised subsidy to fishermen …
Seismic Eye
Sept 05, 2007 (LBO) – Sri Lanka will shortly tender for two-dimensional seismic surveys off the southern tip of the island to look for new oil deposits, …
Gas Formula
August 31, 2007 (LBO) – Sri Lanka's liquid petroleum gas (LPG) prices are to be adjusted every two months on a price formula agreed with the island's …
No Rules
August 30, 2007 (LBO) – Sri Lanka power engineers have called off all industrial action including a non co-operation campaign following a second meeting …
Refining Plan
August 29, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC), Sri Lanka's state-owned oil refiner and distributor, is evaluating bids from two parties …
Normal Light
August 27, 2007 (LBO) – The powerful engineers union of Sri Lanka's state-owned electricity utility has temporarily suspended industrial action started …
Black Line
August 23, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, has returned to profitability in the June quarter, posting 490 million rupees in …
Crack Spread
August 16, 2007 (LBO) – The Ceylon Petroleum Corporation which runs Sri Lanka's only refinery has hedged the crack margin of a portion of its diesel and …
Swapping Risk
August 14, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC), Sri Lanka's state-owned petroleum firm has used a leveraged swap to hedge a small part of …
Once Bitten¦
August 07, 2007 (LBO) – Indian Oil Corporation (IOC) may put off overseas expansion following its experience in Sri Lanka where it lost money after being …