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 …
Petroleum
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 …