Not liberal
August 18 (LBO) – Sri Lankan based gas distributor Laugfs, who wants to blend and produce lubricants locally, says conditions for entering the newly …
No Oil
August 01, 2006 (LBO) – Sri Lanka says it may not entertain new investments into expensive oil fired power plants, under a proposed energy policy for the …
On Course
August 01, 2006 (LBO) – Caltex Lanka Lubricants Tuesday reported a 16 percent spike in net profit after tax for the six months ended June this year, on …
Minor Adjustment
August 1, 2006 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corp has raised fuel prices after a two-month lag to offset a surge in global oil prices, …
Northern Lights
July 31 (LBO) – Sri Lanka has called for interested investors to set up a power plant by end this year, to supply electricity to Jaffna in the …
And FYI
July 31, 2006 (LBO) – Indian oil retailer Lanka IOC Monday raised fuel prices across the board by 5.00 rupees a litre to keep pace with galloping crude …
Back to Mommy
July 27, 2006 (LBO) – Sri Lanka’s cabinet has transferred a third of petroleum assets held by the treasury to the state-run Ceylon Petroleum Corp, …
On the Boil
July 26, 2006 (LBO) – Fears of another fuel shortage were sparked off on Wednesday as the government refused to give in to trade union demands and said …
Breakthrough
July 25, 2006 (LBO) – The Sri Lankan government bought two weeks grace period from petroleum sector trade unions late Tuesday, with fuel stocks expected …
Empty Tank
July 24 (LBO) – An ongoing strike by trade unions at Sri Lanka’s petroleum distribution facility could cripple supplies at fuel sheds, if it …
Going Up
LONDON, July 21, 2006 (AFP) - Oil prices firmed on Friday but remained below recent record peaks as traders paused for breath after a week of volatile trading, …
Bitter Prescription
July 18, 2006 (LBO) – Sri Lanka is taking a hard look on how to manage subsidising fuel prices amidst a worsening Middle East crisis that is threatening …
New Blend
July 17 (LBO) – The government has agreed to amend lubricant tariffs, narrowing the gap between lube imports and raw materials like base oil, to spur …
Slow Down
VIENNA, July 17, 2006 (AFP) - Developments in the oil industry should help cool crude prices in 2007 but the market will remain vulnerable to geopolitical …
Bigger Mix
July 16, 2006 (LBO) – Sri Lanka Sunday invited new lubricant players to invest in the country, following interest from a few foreign companies. The …
Southern Tip
July 13, 2006 (LBO) – Emirates based Star Petro Energy LLC, has secured Sri Lankan government consent to build the country's second oil refinery in the …
New Lease
July 13, 2006 (LBO) - Ceylon Petroleum Corporation has temporarily shelved plans to get back into the gas business, extending a five year agreement with Laugfs …
Fuelling Wars
July 11 (LBO) – Sri Lanka’s energy minister wants nine billion rupees from the Treasury to settle Ceylon Petroleum Corp’s subsidy bill, as …
Quick Sand
July 9, 2006 (LBO) – Sri Lanka will continue to subsidise retail fuel prices in the absence of a new pricing formula, as Colombo threatened to takeover …
Oil Conundrum
July 9, 2006 (LBO) - Sri Lanka's main opposition charged that weak economic management was the cause of galloping inflation in the country and not oil prices. …