Chevron Lubricants Lanka (LLUB) in Decline as CEO Kishu Gomes Exits
June 12, 2018 (LBO) - On May 22, 2018 Kishu Gomes resigned as Managing Director/CEO and as a Director of Chevron Lubricants Lanka with 'immediate effect' as …
Petroleum
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Sri Lanka signs agreement for gas exploration services
May 31, 2018 (LBO) - Sri Lanka's Minister of Petroleum Resources Development, signed an agreement with Eastern Echo DMCC, subsidiary of a major oilfield …
Kishu Gomes steps down as CEO of Chevron in Sri Lanka
May 23, 2018 (LBO) - Chevron Lubricants Lanka said that Kishu Gomes will be stepping down as Managing Director and Chief Executive Officer of the company …
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) - Sri Lanka's liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and …
Distributors smuggle Rs10mn worth fuel on the day prices hiked
May 17, 2018 (LBO) – Ceylon Petroleum Storage Terminal (CPSTL) has incurred a loss of around 10 million rupees on the day fuel prices hiked. online pharmacy …
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) - Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that the two …
Sri Lanka to revise fuel price every two months
May 11, 2018 (LBO) - Fuel prices in Sri Lanka will be revised every two months under a new cabinet approved pricing formula, Finance Minister Mangala …
Sri Lanka hikes petrol, diesel prices: Cabinet approves fuel pricing formula
May 10, 2018 (LBO) - Sri Lanka has increased the prices of petrol and diesel following a cabinet decision to approve a fuel pricing formula. Petrol (92 …
PUCSL hold public consultation on draft regulatory tools of lubricants
Apr 26, 2018 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), shadow regulator of the lubricant industry held a public consultation session on the …
Sri Lanka’s CPC receives overhaul to boost efficiency
Apr 19, 2018 (LBO) - The Ceylon Petroleum Corporation’s (CPC) Sapugaskanda Oil Refinery successfully completed a 35-day overhaul and renovation programme …
Cabinet approves proposal to conduct feasibility for India, Japan aided LNG terminal
Feb 28, 2018 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to conduct a feasibility study for the proposed Liquefied Natural Gas (LNG) …
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …
Govt. may not implement power pricing formula in near-term
Oct 16, 2017 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board (CEB) may not implement the pricing formula in the near-term, given the political and …
Sri Lanka accepts power generation with LNG as policy
Aug 30, 2017 (LBO) – Sri Lanka’s cabinet on Tuesday officially accepted generating electricity with Liquid Natural Gas and providing required …
Laugfs Gas gets private sector financing from China’s Sinosure
Aug 21, 2017 (LBO) - Sri Lanka's LAUGFS Gas and Standard Chartered have announced the first private sector financing facility supported by China Export and …
China-Sri Lanka deal on controversial deep water port to be signed on Saturday
By P.K. Balachandran The Sino-Sri Lankan deal over a controversial deep water port in Hambantota in south Sri Lanka, which has been hanging fire since January …
Sri Lanka John Keells Holdings profits up 19-pct in June quarter
July 27, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings group profits rose 19 percent to 2.8 billion rupees in the June quarter …
Government says fuel distribution restored despite union action
July 26, 2017 (LBO) – Sri Lanka’s government informs that bowsers can now collect fuel from stores as the government has restored fuel distribution.buy …
LAUGFS to set up cylinder manufacturing plant in Bangladesh
July 17, 2017 (LBO) – LAUGFS Gas Bangladesh, part of the diversified Sri Lankan multinational LAUGFS Holdings, said it is planning to set up a cylinder …
SriLankan Airlines, CEB, CPC record Rs30bn loss in first 4 months
July 10, 2017 (LBO) – State-owned carrier Sri Lankan Airline, main power supplier Ceylon Electricity Board and Ceylon Petroleum Corporation together have …