Support Service
July 11, 2011 (LBO) - Cairn India which is exploring for petroleum resources off Sri Lanka has called for proposals for oil spill response equipment and …
Petroleum Post
July 07, 2011 (LBO) - Sri Lanka's government is seeking a new head for the Petroleum Resources Development Secretariat (PRDS), to lead the island's search for …
Oily Issue
July 1, 2011 (LBO) - Long queues of cars have built up around some fuel stations of the Sri Lanka unit of India Oil Corporation after car owners complained of …
Fuel Fiasco
June 30, 2011 (LBO) - Sri Lanka's petroleum industries minister has rejected allegations the government imported low quality petrol, saying motorists whose …
Refining Revision
June 20, 2011 (LBO) - Sri Lanka is holding talks with Iran to get more funds to expand its sole oil refinery after new feasibility studies indicated the cost …
Russian Interest
June 19, 2011 (LBO) - A team from Russia's Gazprom would visit Sri Lanka to discuss oil exploration, building a refinery and using liquefied natural gas in the …
Oil Trend
May 31, 2011 (LBO) - Lanka IOC, the Sri Lanka unit of Indian Oil Corporation lost 111 million rupees in the March 2011 quarter, on revenues of 16. online …
Dicey Deals
May 24, 2011 (LBO) - Sri Lanka is continuing its legal defence in action filed by international banks over petroleum derivatives sold to a state-run oil …
Oil Mercantilism
Apr, 08, 2011 (LBO) - A top US monetary economist has poured cold water on fears about the world running out of oil, an idea which gains special prominence …
Half Share
Apr 05, 2011 (LBO) - Sri Lanka's Laugfs Gas will get 50 percent of the liquefied petroleum gas (LPG) produced by state-run Ceylon Petroleum Corporation, up …
Petrol Hike
Apr 02, 2011 (LBO) - Sri Lanka has raised fuel arbitrarily jacking up petrol far above cost while keeping diesel mostly used mostly by businesses low, …
Buck Stops
Mar 10, 2011 (LBO) - Most of the loss of Ceylon Petroleum Corporation, Sri Lanka's state-run petroleum retailer is due to subsidized sale of furnace oil to a …
Lubricant Shift
Mar 09, 2011 (LBO) – Sri Lanka’s Nawaloka ABC Petroleum, which entered the lubricant market recently, says the price-driven lubricant market is …
Lofty Monitor
Mar 09, 2011 (LBO) - Sri Lanka plans to use satellite technology to monitor distribution of petroleum products to fuel retail stations from storage terminals …
Jet Fuel
Mar 04, 2011 (LBO) - Sri Lanka is to expand to three million litres storage capacity at an aircraft refuelling facility in a new international airport being …
Gas Share
Mar 04, 2011 (LBO) - Sri Lankan liquid petroleum gas supplier Laugfs Gas is to lose exclusive rights to buy the entire LPG production of the state oil refiner …
Sri Lanka central banker meet mulls stimulus exit strategies
Feb 28, 2011 (LBO) - South and South East Asian central bank chiefs who met in Sri Lanka had discussed ways to exit deficit spending and loose monetary policy …
Market Risk
HONG KONG, February 23, 2011 (AFP) - Asian stock markets fell further and oil remained high on Wednesday as the leader of major crude exporter Libya warned he …
Oil Spike
SINGAPORE, February 7, 2011 (AFP) - Brent crude prices surged above 100 dollars in Asia on Monday as major regional equities clocked strong performances in …
Loss Adjustment
Jan 22, 2011 (LBO) - Sri Lanka's Indian Oil Corporation unit says it is losing 9 rupees a liter on petrol and 21 rupees a liter on diesel by selling fuel at …