Petroleum

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, …

Transparent Pricing

Sept 05, 2012 (LBO) - Indian Oil Corporation's Sri Lanka unit, Lanka IOC has called for a pricing formula for retail fuels which keeps parity with import …

Market Eye

Sept 03, 2012 (LBO) - Lanka IOC, a unit of Indian Oil Corporation said it had exported 118. buy fildena online …

Expert Help

Aug 17, 2012 (LBO) – Veteran Sri Lanka scientist in the petroleum industry, Dr Gamini Amarasekera has joined Laugfs Lubricants Limited as a consultant to …

Appeal Option

July 28, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation has lost an appeal against a London ruling that forced it to pay up on a complex oil …

Lube Warning

July 22, 2012 (LBO) - Sri Lanka's Chevron Lubricants has reported net profits of 533 million rupees in the June 2012 quarter, up 26 percent from an year …

Oil Exemption

June 12, 2012 (LBO) - Sri Lanka, India, Malaysia, Korea, South Africa, Turkey and Taiwan has been recognized as countries that have significantly cut oil …

Debt Games

June 11, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) has run debts of 65 billion rupees with other state entities by May 31 and talks …

Gas Trend

May 30, 2012 (LBO) - Sri Lanka's Laugfs Gas Plc, which has interests in cooking gas distribution, emissions testing and leisure posted profits of 639 million …

Break Even

May 16, 2012 (LBO) - Lanka IOC, a unit of Indian Oil Corporation made profits of 41 million rupees in the March 2012 quarter, recovering from a 111 million …

Offshore Potential

April 24, 2012 (LBO) - Cairn India which struck gas in two offshore wells in Sri Lankan waters last year has indicated that at least one may have commercial …