Category: Petroleum
BOI clarifies news report regarding oil refinery project in Hambantota
Mar 22, 2019 (LBO) – Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman’s Ministry of Oil and Gas and Silver Park International PTE Ltd with regard to equity arrangements for the oil refinery project in Hambantota. online pharmacy buy diflucan with best […]
Sri Lanka to discuss draft national policy on LNG
Mar 22, 2019 (LBO) – The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view to establish and develop the natural gas industry in Sri Lanka.buy doxycycline online buy doxycycline online no prescription With the view of further improvement and development […]
BOI takes to twitter to quell firestorm related to $ 3.85bn refinery project
March 21, 2019 (LBO) – A media firestorm has erupted over a US$3.85bn refinery project that was trumpeted by Sri Lankan government politicians as the largest FDI in the history of Sri Lanka. The Indian ‘Hindu’ newspaper reported on the deal yesterday: Following Reuters news story which reported a denial by the Oman Oil Company […]
Fuel prices increased; Petrol hiked to Rs.132
Mar 13, 2019 (LBO) – Sri Lanka Government increased the price of petrol (92 Octane) by 3 rupees to 132 rupees a litre and auto diesel by 1 rupee to 104 rupees from midnight yesterday, the finance ministry said. Petrol (Octane 95) will now be sold at Rs. 159, after an increase by Rs. 7 a […]
Laugfs unveils second solar-powered fuel station in Sri Lanka
Feb 27, 2019 (LBO) – Setting another benchmark in the fuel retailing industry in Sri Lanka, Laugfs Southern Petroleum launched the country’s second solar-powered fuel filling station at Waskaduwa, Kalutara with a 46.1 KW solar-panelled roof. The iconic solar-powered fuel station is expected to generate and add over 5,520 kWh per month to the National Grid […]
Fuel prices increased but no room to increase transport charges: Finance Ministry
Feb 11, 2019 (LBO) – Government today revised the fuel prices and accordingly the prices of one liter of Petrol Octane 92 and the Auto Diesel have been increased by 6 rupees and 4 rupees respectively. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy abilify with best prices today […]
Govt calls for exploration bids in block M2, Mannar Basin
Jan 18, 2019 (LBO) – Sri Lanka’s government has called for international competitive bids for exploration and development activities in Block M2, Mannar Basin, the Petroleum Resources Development Secretariat said. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy diflucan with best prices today in the USA buy bactroban online https://qpharmacorp.com/wp-content/uploads/2023/08/png/bactroban.html no […]
Fuel prices to be reduced fourth straight time from midnight
Jan 10, 2019 (LBO) – Sri Lanka’s government has decided to reduce the Petrol and Diesel prices by 2 rupees per liter each with effect from midnight today. However, the price of Super Diesel which is an environmentally friendly fuel was reduced by 3 rupees per liter as it complies with Euro -04 Emission Standard […]
Laugfs Gas to infuse Rs1.1bn for expansion of its LPG Transshipment Terminal
Dec 27, 2018 (LBO) – Laugfs Gas will infuse 1,150 million rupees for the expansion of its LPG Transshipment Terminal facility located at Hambantota International Port, the company said in a stock exchange filing. Under the expansion plan, the storage capacity of the terminal to be extended up to 45,000 MT from 30,000 MT supporting […]
Hayleys Energy commences first oil and gas drillship lay-up at Hambantota, Sri Lanka
Dec 17, 2018 (LBO) – Sri Lanka’s Hayleys Energy Services announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the Hambantota International Port. Aban Offshore Limited, the company that own the vessel, is India’s largest offshore drilling services provider to oil companies, providing drilling operations, production and exploratory work […]
Sri Lanka lubricant market share shifting: Report
Nov 21, 2018 (LBO) – Sri Lanka’s lubricant market dynamics are shifting with market share of Chevron and Indian Oil dipping, a new report shows. According to data from the Public Utilities Commission of Sri Lanka (PUCSL) in the second quarter of 2018 Laugfs and Exxon Mobil have shown gains in the market. The full report […]
Mahinda Rajapaksa says fuel price to be further reduced tonight
Nov 15, 2018 (LBO) – In a special statement in Parliament Mahinda Rajapaksa said fuel price will be further revised tonight. “It is only in Sri Lanka the fuel price goes up according to the formula when the world prices are going down,” he said. “This is why tonight the price will be reduced.” Speaking […]