Petroleum

Wobbly Bubble

May 28, 2008 (AFP) - Oil prices slipped back under 127 dollars on Wednesday, falling further from record highs amid concern about the strength of US energy …

Unilateral

May 27, 2008 (LBO) – Lanka IOC, the Sri Lanka unit of the Indian Oil Corporation is raising diesel prices by 20 rupees a litre from midnight Tuesday, the …

Targeting Exercise

May 26, 2008 (LBO) – Sri Lanka is developing a scheme to pay fuel subsidies to bus operators that may cost the exchequer 7.0 billion rupees a year, …

Steep Rise

May 24, 2008 (LBO) – After dragging their feet for months Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) jacked up diesel prices by an …

Fuel Mix

May 22, 2008 (LBO) – Indian Oil Corporation's Sri Lanka unit raised diesel retail prices by 20 rupees to 100 rupees a litre putting pressure on the …

Black Gold

May 10, 2008 (LBO) – Sri Lanka is to award its first offshore oil exploration contract before the end of May, petroleum minister A H M Fowzie said. The …

Serendipity

May 09, 2008 (LBO) – Sri Lanka is to start searching for oil onshore after the accidental discovery of gas seeping from the ground, government officials …

On Hold

May 09, 2008 (LBO) – Sri Lanka is keeping retail fuel prices at current levels despite crude oil prices soaring to new highs and mounting losses at the …

Energy Projects

April 29, 2008 (AFP) - Iranian President Mahmoud Ahmadinejad on Tuesday launched a 1.buy doxycycline online buy doxycycline online no prescription …

Pricing Issue

April 16, 2008 (LBO) – Sri Lanka would raise fuel prices before the end of the month after running losses of 7.2 billion rupees in 2008, petroleum …

Persian Present

April 16, 2008 (LBO) – Iranian President Mahmoud Ahmadinejad will flag off a billion dollar oil refinery in Sri Lanka, as part of his state visit to the …

Offshore Riches

April 15, 2008 (LBO) – Sri Lanka's Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, …

Hedging Profits

April 15, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) said it had earned profits of 7 million US dollars in March reducing …

Singleton

April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil …

Oil Deal

April 04, 2008 (LBO) –Sri Lanka is seeking to renew its long-term crude oil supply contract with Iran and wrap up financing to expand its refinery during …

Petro Move

Mar 25, 2008, (LBO) – India's Bharat Petroleum says it is looking for opportunities in Sri Lanka's aviation and retail fuel sectors after launching its …

Fuel Lines

March 19, 2008 (LBO) – Sri Lanka is converting a part of a tank farm to store bunkers or ship fuel and build new pipelines to reduce supply disruptions …

No Hike

March 13, 2008 (LBO) – Sri Lanka's petroleum utility will not raise retail fuel prices at least until the traditional April Sinhala and Hindu New Year …

Pricey Fuel

March 11, 2008 (LBO) – Sri Lanka's state-owned petroleum utility plans to tie up with global ship supplier GAC Ships to sell bunkers or ship fuel in …

Gas Play

March 09, 2008 (LBO) – Sri Lanka's state-owned petroleum utility will enter the liquid petroleum gas (LPG) market by June using fuel dealerships, a top …