Petroleum

Fuel Pricing

March 07, 2008 (LBO) – Sri Lanka's state-owned petroleum utility aims to hold retail fuel prices at current levels for the time being despite crude oil …

Grease Pal

March 07, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) is looking for a joint venture partner to start a lubricant retailing …

Oil Skills

Mar 04, 2008 (LBO) – Sri Lanka's petroleum exploration unit has started to build up its staff as the island waits for offshore exploration work to get …

Petrol Performance

Feb 27, 2008 (LBO) – Lanka IOC has made a net profit of 282 million rupees for the December quarter compared with a loss of 327 million rupees in the …

Smooth Premium

Feb 27, 2008 (LBO) – Chevron Lubricants Lanka said net profit for the year to December 2007 increased 34 percent to top a billion rupees, with premium …

Exploration

Feb 21, 2008 (LBO) – Petroleum minister A H M Fowzie said Sri Lanka would have lost the confidence of global oil firms if it had postponed the bids for …

Oil Trends

Feb 12, 2008 (LBO) – Lanka IOC is looking to extend its bunker business once new pipelines connecting the Colombo port with storage terminals are laid, …

Slow Going

Feb 08, 2008 (LBO) – A multi-million dollar project to build a new container port in Colombo is on track despite lengthy delays, a Sri Lankan government …

Overlooked

Feb 05, 2008 (LBO) – None of the world's major petroleum companies has bid for the offshore exploration blocks offered by the Sri Lankan government in …

Offshore Wealth

Feb 01, 2008 (LBO) – An oil exploration block nearest to India off Sri Lanka's northwestern coast has become hot property with three petroleum firms …

Refined Product

Feb 01, 2008 (LBO) – Two UAE petroleum firms have won Sri Lankan government approval to build the island's second refinery with an investment of 1.2 …

Oil Search

Jan 31, 2008 (LBO) – Sri Lanka is evaluating bids for offshore oil exploration in the island's north-east from firms in Cyprus and India, petroleum …

Airport Link

Jan 29, 2008 (LBO) – India's Cochin International Airport Limited (CIAL) says it is interested in building an airport in southern Sri Lanka and a …

Fleecing Ethics

Jan 18, 2007 (LBO) -- Sri Lanka's opposition has added fuel to the growing fire over petroleum firms fleecing petrol users to give subsidies to diesel …

Bigger One

Jan 18, 2008 (LBO) -- Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) refinery expansion may be doubled to a 100,000 barrels-per-day project and its …

Diesel Move

Jan 17, 2007 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corporation (CPC) has struck a deal with Trafigura, a petro firm in Singapore, to get up to …

Hi Tech

Jan 16, 2008 (LBO) -- Sri Lanka's downstream petroleum sector is moving to SAP enterprise resources planning software, which will be implemented by the Indian …

Delayed Reaction

Jan 13, 2008 (LBO) – Sri Lanka has raised fuel prices from midnight Sunday with petrol and furnace oil going up by 10 rupees, diesel 5 rupees and …

Gassing Up

Jan 04, 2007 (LBO) – Sri Lanka's second cooking gas retailer raised prices by 17 percent Thursday on a formula approved by the consumer authority while …

Record Highs

NEW YORK, Jan 2, 2008 (AFP) - Oil prices spiked to record closing highs within striking distance of 100 dollars a barrel Wednesday, triggering inflation …