Cruising Along
Apr.26 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corportaion, is confident of maintaining uninterrupted supplies from their tank farm in …
Jackpot
PARIS, Apr.24 (AFP) - While governments and consumers weep over the rise and rise of fuel prices, oil companies are rubbing their hands in glee. Last year the …
Easing Up
SINGAPORE, April 21, 2006 (AFP) - Oil prices were lower in Asian trade Friday on profit-taking after recent sustained gains to record highs amid concerns over …
Heavy Cross
MADRID, Apr. 20 (AFP) - Consumers should carry the burden of higher oil prices, International Monetary Fund (IMF) chief Rodrigo Rato said in an interview …
High Octane
LONDON, April 20, 2006 (AFP) - World oil prices reached new historic peaks on Thursday, above 74.0 dollars in London and 72.0 dollars in New York, owing to …
Oil For Poor
TEHRAN, Iran, Apr.19 (AFP) - Iran's President Mahmoud Ahmadinejad has called on oil producers, in particular fellow OPEC members, to sell a part of their crude …
Historic Highs
LONDON, Apr.18 (AFP) - World oil prices hit record peaks on Tuesday above 72. online pharmacy buy diflucan with best prices today in the USA 0 dollars in …
New Year Gift
Apr.15 (LBO) – Sri Lanka hikes fuel prices by Rs.8.00 from midnight Saturday after a 10-month lag as world crude oil prices raced to US$ 70 per barrel. …
Returning Sense
Apr.11 (LBO) - Sri Lanka's finance ministry says fuel subsidies are placing an unsustainable burden on the exchequer; in a move analysts expect to be a …
Adding Layers
Apr.06 (LBO) – Sri Lanka has sought a US$500 million loan from Saudi Arabia to double its oil refinery capacity, Energy Minister A H M Fowzie said …
Sugar Power
April 03 (LBO) -- Pelwatte Sugar has applied to the Ceylon Electricity Board to build a 25MegaWatt power plant fired by sugar cane waste, making it the largest …
Liquid Potential
Mar. 31 (LBO) - Small hydro company Vallibel Power Erathne, that opens its share issue on April 6, is bullish on Sri Lanka's hydro and other renewable energy …
Joint Power
Mar. 23 (LBO) -- Sri Lanka's cabinet of ministers had approved a deal for the state-owned Ceylon Electricity Board (CEB) to team up with India's National …
Re-Shuffle
Mar. 22 (LBO) – Sri Lanka has changed the license fee structure for lubricant operators giving players an option of paying a flat fee or a percentage on …
Growing Money
Mar 22 (LBO) - Lanka Transformers were given a first subsidy payment on Wednesday for generating electricity from trees, under a new scheme to encourage …
Flagged Off
Mar 21 (LBO) – Sri Lanka's Caltex Lanka Lubricants will ship five million litres of lubricant oils into Bangladesh, its first foray into the country and …
Done Deal
Mar 15 (LBO) - The Treasury inked a deal with China National Machinery and Equipment Corporation on Wednesday, to build a US$ 455 million power plant in …
Alternate Fuel
Mar08. (LBO) -- Sri Lanka’s fuel station operators are warning potential industry newcomers of the downside of petroleum retailing in an effort to halt …
Green Money
Mar08 (LBO) – The Treasury is to fork out a subsidy for wood based electricity generation, making tariffs for dendro-power higher and more …
Picking Crumbs
Mar 07 (LBO) – The Treasury has settled Rs. 500 million in unpaid subsidy bills due to Lanka Indian Oil Corp., weeks after the company's accounts took a …