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CEYLON PETROLEUM CORP
Asia barters for scarce energy as Iran crisis throttles suppliesIran war: Asian nations are scrambling for fuel amid Middle East supply disruptions and China's export bans. Indonesia is seeking deals wit...- 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. ...
- China's new deal with Sri Lanka: Should it worry India?Sri Lanka will receive its largest FDI from China with a $3.7 billion investment in an oil refinery under China's BRI. Sinopec's refinery d...
- Sri Lanka to restrict fuel imports for one year amid worst economic crisis: MinisterSri Lanka will restrict fuel imports for the next 12 months as it is facing a severe shortage of foreign exchange, Minister of Power and En...
- 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...
- Sri Lanka crisis: A fire sale looms as lenders won't make a bailout easyThe carrier struggled with a stretched balance sheet even before Covid-19 and may fail to make payments to aircraft lessors, Bloomberg Inte...
- Battling its worst economic crisis, Sri Lanka deploys troops as fuel shortage sparks protestsSoldiers were deployed after angry crowds blocked a main artery in Colombo and held up traffic for hours because they were unable to buy ke...
- 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 ...
- India nips at China's heels in race to collect Lanka port assetsIndia’s interests in the Sri Lankan port are more strategic than economic, part of its effort to displace hefty investment coming into the ...
- 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.
- 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...
- 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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