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CEYLON PETROLEUM
Sri Lanka raises fuel prices by 25 percent as war bitesSri Lanka has increased fuel prices by 25 percent. This is the second hike in two weeks. The country is preparing for potential impacts fro...- Sri Lanka to overhaul loss-making national airline after failing to find buyersSri Lanka's government will restructure its loss-making national airline, Sri Lankan Airlines, after failing to find a buyer for management...
- PM Modi aims for stronger energy, defence ties with Sri Lanka visitPrime Minister Modi is set to visit Sri Lanka to fortify energy, defence, and economic ties, with plans to sign agreements in key sectors. ...
- India to supply fuel to Sri Lanka only after advance paymentThe bankrupt nation is offering a guaranteed fuel quota to companies that can pay dollars to Ceylon Petroleum in advance to ease the crippl...
- Cash-strapped Sri Lanka gets Russian oil to ease shortagesThe island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other vital goods making life mis...
- Sri Lanka starts fuel rationing amidst severe economic crisisAccording to the Ceylon Petroleum Corporation (CPC) statement, now motorcycles and other two-wheelers can purchase fuel upto worth Rs 1,000...
- Trincomalee oil tank deal a result of 30 years of Indo-Lankan effortThe lease agreements, which consolidate India's role in the project discussed since the time of the Indo-Lanka Accord of 1987, was cleared ...
- Sri Lanka looking at $500 mn fuel credit line from IndiaSri Lanka is looking at getting a USD 500 million fuel credit line from India even as both sides are eyeing to further expand energy cooper...
- Sri Lanka, India ink deal to jointly redevelop strategic World War II-era Trincomalee Oil Tank ComplexThe World War II-era oil storage facility, with a capacity of nearly 8 million barrels of oil, located in the strategically advantaged port...
- Sri Lanka seeks $500 mn loan from India for fuel purchaseThe state-run Ceylon Petroleum Corporation (CPC) owes nearly USD 3.3 billion to the two main government banks -- Bank of Ceylon and People'...
- Arjuna Ranatunga arrested over fatal shooting in Sri Lanka amid political crisisOne person succumbed to his injuries and two others were hospitalised in the shooting incident and a security personnel was arrested at the...
- Indian Oil denies role in Sri Lanka fuel crisisThe Lanka Indian Oil Company (c) yesterday received flak for the fuel shortage after motorists lined up in long queues at petrol stations.
- Sri Lankan trade union fuel stir against IOC's Trincomalee petroleum refineryThe Ceylon Petroleum Corporation Trade Union Collective has threatened to launch an indefinite strike from Monday midnight against Colombo’...
- Sri Lanka workers to strike against proposed oil deal with IndiaCeylon Petroleum Corporation Trade Union Collective workers have threatened to cripple entire transportation sector in the country.
- Sri Lanka, India to partner on oil storage project: PM Modi"A joint task force will be constituted soon to work out the modalities. India stands ready to help Trincomalee become a regional petroleum...
- Sri Lanka hardens stand on pact to lease oil storage to IOCSources said with Sri Lanka government having reservations on leasing the facilities to Lanka IOC, the entire project is stuck.
- Lanka IOC losses to touch $ 6.3 million every monthLanka IOC, a subsidiary of Indian Oil Corporation, is fearing losses of about 6.3 million dollars every month following the steep hike in i...
- LIOC losing $6 mn per month on spiralling crude pricesThe Sri Lankan subsidiary of Indian Oil Corporation is incurring a loss of nearly $ 6 million a month due to the steep rise in global crude...
- IOC looking at having oil refinery in Lanka's TrincomaleeLanka IOC is the only private oil company other than the state-owned Ceylon Petroleum Corporation (CPC) that operates retail petrol station...
- Lanka IOC Q4 profit surged after subsidy paymentLanka IOC Ltd, Indian Oil Corp's Sri Lankan unit, said fourth-quarter profit more than doubled after the government reimbursed the company ...
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