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IOC SRI LANKA
India is making a big move to outflank China in Sri LankaIndia and China appear to be locked in an escalating energy rivalry in Sri Lanka. India plans a new energy hub at Trincomalee with the UAE,...- Sri Lankan government renews Lanka IOC's petroleum licence for 20 yearsAccording to officials, the Sri Lankan government has extended for an additional 20 years the petroleum products licence that Lanka IOC, th...
- Sri Lanka fuel prices up ahead of IMF talksThe increase came as Sri Lanka's new finance minister Ali Sabry led a delegation to Washington seeking between $3 billion and $4 billion fr...
- Sri Lanka to sign $500 million credit line with India today"The agreement for the credit line will be signed on Wednesday afternoon. Under this deal, Sri Lanka would be able to import fuel from any ...
- Sri Lanka to buy fuel from Indian Oil to tide over energy crisisAccording to the Cabinet statement, the Ministry of Energy has discussed with the IOC to procure 40,000 metric tonnes of diesel and 40,000 ...
- 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 ...
- Shringla visits Trincomalee oil tank farm, key India-Sri Lanka economic partnership linkAccording to the Indian High Commission, the LIOC briefed Foreign Secretary Shringla about the developments undertaken at the tank farm "an...
- Indian Oil Corp's VLCC catches fire off Colombo, according to sourcesThe full loaded vessel was heading to Paradip in eastern India from Mina Al Ahmandi in Kuwait, Refinitiv's ship tracking data shows.
- 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 ...
- Petroleum Minister Dharmendra Pradhan calls on Prime Minister of Sri LankaPradhan apprised the Sri Lankan Prime Minister about the existing cooperation in oil and gas sector between India and Sri Lanka.
- 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.
- Sri Lanka to seize part of IOC's oil depot after UN voteSri Lanka announced it would repossess part of a strategic oil storage depot after India supported international calls to probe war crimes ...
- Indian Oil Corporation expresses interest in Sri Lanka refineryIOC has expressed interest in the Sri Lankan government's plans to refurbish the island's only refinery that will cost USD two billion.
- 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 ...
- Lanka IOC signs settlement agreement with SRLConsequently, no subsidy is payable to Lanka IOC by GoSL beyond June 30, 2006.
- IOC to send petrol, diesel to Sri LankaIndian Oil Corp, nation's largest refiner, will send two tank loads of petrol and diesel to Sri Lanka to help its subsidiary Lanka IOC resu...
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