Oil Offer
Feb 18, 2013 (LBO) - Sri Lanka is kicking of a second licensing round for off-shore oil blocks with road show starting in Houston on March 07, reports said. …
Oil Plans
Feb 18, 2013 (LBO) - Sri Lanka is planning to offer up to 11 off-shore oil blocks on production sharing deals in a bidding round that will close around …
Diversifying Strategy
Feb 18, 2013 (LBO) - LankaIOC, a unit of Indian Oil Corporation is planning to deal in petrochemicals such as polyethylene and polypropylene, to diversify its …
Petro Balance
Feb 15, 2013 (LBO) - Profits at Lanka IOC, a Sri Lanka unit of Indian Oil Corporation rose 16 percent to 728 million rupees in the December 2012 quarter from a …
Diesel Standard
Feb 12, 2013 (LBO) - Indian Oil Corporation's Sri Lanka unit said a shipment of diesel which had been held up at Colombo port following a quality test was …
Margin Matter
Jan 30, 2013 (LBO) - Sri Lankan suppliers of fuel to ships could be pushed out of business if a new tax is implemented, shipping officials and tax experts have …
Debt Protection
Jan 28, 2013 (LBO) - Sri Lanka's state-run Ceylon Electricity Board may be asked to import fuel directly to protect the main petroleum distributor from …
Oil Law
Jan 26, 2013 (LBO) - Sri Lanka will update its petroleum exploration law to bring the rule in line with the latest international practices, information …
Gas Tariff
Jan 06, 2012 (LBO) - Sri Lanka's consumer affairs office has raised the price of liquefied petroleum gas by 150 rupees per 13. online pharmacy buy ciprodex …
Oil Deals
Colombo, 2012 (LBO) - Sri Lanka is buying refined products from State-run Vietnam Oil and Gas group (PetroVietnam) favourable terms and is also getting credit …
Petro Hikes
Dec 15, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation, has raised petrol by 10 rupees to 159 and two grades of furnace oil but kept diesel …
Crude Block
Dec 10, 2012 (LBO) - Sri Lanka is unable to import crude oil from Iran despite a sanctions waiver by the United States, because banks are wary of opening …
Lube Shift
Dec 07, 2012 (LBO) - Sri Lanka's Chevron Lubricants Plc, the island's market leader, said it will shift a blending plant to an industrial estate by July 2014 …
Bidding Round
Nov 15, 2012 (LBO) - Sri Lanka will offer up to ten offshore oil blocks in a bidding round that may start as early as next month, Saliya Wickramasuriya …
Oil Gains
Nov 12, 2012 (LBO) - Lanka IOC, a unit of Indian Oil Corporation said profits in the September 2012 quarter rose 327 percent from a year earlier, partly helped …
Unhedged
Nov 02, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation has lost a 60 million dollar arbitration claim over oil derivatives against Deutsche …
Lube Sentiment
Oct 30, 2012 (LBO) - Sri Lanka's Chevron Lubriants unit said profits fell 13 percent to 521 million rupees in the September 2012 quarter from a year earlier …
Kero Trend
Sept 20, 2012 (LBO) - Sri Lanka's kerosene sales have come down after a price hike in February that reduced a subsidy given by tax payers, while highly taxed …
Fake Lubes
Sept 12, 2012 (LBO) - There was a thriving business in Sri Lanka involving the sale of unlicensed lubricants, adulterated and counterfeited brands and …
Petro Regulation
Sept 11, 2012 - Petroleum products are expected to be brought under Sri Lanka's multi sector utilities regulator which is already overseeing the power sector, …