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CPC fuel prices will not be raised – Arjuna Ranatunga

2017-10-06 adaderana.lk
Minister of Petroleum Resources Development Arjuna Ranatunga stated that the Ceylon Petroleum Corporation will not raise their fuel prices should Lanka IOC choose to do so. 

Sri Lanka rejects Chinese request for local fuel sales

2017-10-04 adaderana.lk
Sri Lanka has blocked a proposal by Chinese firms bidding to build the island’s biggest oil refinery to sell fuel locally, fearing a threat to domestic firms that dominate the small but growing market. (3-0)

Exclusive: Sri Lanka rejects Chinese request for local fuel sales

2017-10-04 in.reuters
COLOMBO (Reuters) - Sri Lanka has blocked a proposal by Chinese firms bidding to build the island’s biggest oil refinery to sell fuel locally, fearing a threat to domestic firms that dominate the small but growing market. (3-0)

Lanka IOC predicts increase in fuel prices in October

2017-09-30 adaderana.lk
The Managing Director of Lanka IOC stated that an increase in Petrol and Diesel prices in October 2017 is to be expected. 

Sri Lanka deploys army to distribute fuel during strike

2017-07-26 ctvnews.ca
Army soldiers guard the main oil installation facility after taking the control back from protesting union workers in Colombo, Sri Lanka, Wednesday, July 26, 2017. (Sajeewa Chinthaka/AP)

Sri Lanka deploys army to distribute fuel during strike

2017-07-26 winnipegfreepress
By: Bharatha Mallawarachi, The Associated Press Posted: 07/26/2017 3:37 AM | Last Modified: 07/26/2017 3:50 AM | Comments:

Sri Lanka’s petroleum unions warn of another strike next week

2017-05-17 lankabusinessonline
May 17, 2017 (LBO) – The Ceylon Petroleum Corporation (CPC) unions have in a letter informed the Premier that they will re- commence halted strike action next week regarding the Trincomalee Oil tank farm, the unions convener said.

Sri Lanka rejects Chinese request for submarine visit

2017-05-12 adaderana.lk
Sri Lanka has rejected China’s request to dock one of its submarines in Colombo this month, two senior government officials said on Thursday as the Indian prime minister landed in the island nation.

Sri Lanka President hosts visiting Indian PM to dinner

2017-05-12 lankabusinessonline
May 12, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena hosted a dinner for Indian Prime Minister Narendra Modi on Sunday who is officially on a visit to attend the inauguration ceremony of the International Vesak Festival.

Sri Lanka rejects Chinese request for submarine visit - sources

2017-05-11 in.reuters
COLOMBO Sri Lanka has rejected China's request to dock one of its submarines in Colombo this month, two senior government officials said on Thursday as the Indian Prime Minister Narendra Modi landed in the island nation.

Trinco oil tanks to be developed as equal share venture

2017-05-05 adaderana.lk
Indian Prime Minister Narendra Modi, who will be arriving in Sri Lanka to attend the UN ‘Vesak Day’ celebration following an invitation extended by the government, will not be signing any agreements during his visit, sources from India told Ada Derana.  

Lankan workers go on strike over proposed oil deal with India

2017-04-25 freepressjournal.in
Colombo : Workers of Sri Lanka’s state-run petroleum firm went on an indefinite strike from Monday against a proposed deal with India to jointly operate an oil storage facility at Trincomalee port, disrupting fuel distribution and resulting in long queues at filling stations. Ceylon Petroleum Corporation (CPC) Trade Union Collective workers had yesterday threatened to cripple entire transportation sector in the country as a result of the strike.

Sri Lanka's Oil Firm Workers Call Off Strike Over India Deal

2017-04-24 rigzone
COLOMBO, April 24 (Reuters) - Workers at Sri Lanka's state-run oil firm Ceylon Petroleum Corporation (CPC) called off a strike on Monday less than 24 hours in after the government agreed to consult them before signing an oil tank deal with India.

Sri Lanka's oil firm workers call off strike over India deal

2017-04-24 in.reuters
COLOMBO Workers at Sri Lanka's state-run oil firm Ceylon Petroleum Corporation (CPC) called off a strike on Monday less than 24 hours in after the government agreed to consult them before signing an oil tank deal with India.

Sri Lanka, India to jointly develop Trincomalee oil tank farm

2017-04-09 adaderana.lk
India and Sri Lanka have in principle agreed to jointly operate the world war-era oil storage facility in Trincomalee, the strategically advantaged port town located on the island’s east coast.

Govt. mulls doubling Trinco oil tank farm project size with India

2017-03-01 dailymirror.lk
By Chandeepa Wettasinghe The Sri Lankan government is currently inquiring whether the joint venture proposed to be formed with the Indian government with regards to the Trincomalee oil tank farm could be doubled in size, Sri Lanka’s petroleum minister said. “For the oil farms we have appointed E&Y to prepare a business plan. Now the TOR (terms of reference) are confirmed. Presently they’re into the job (but) we’re also looking at whether we can reserve 60 (tanks),” Petroleum Resource Development Minister Chandima Weerakkody said in response to a question Mirror Business raised yesterday.

Lanka IOC donates generously towards TRAIL Walk crowdfunding initiative

2016-10-27 bizenglish.adaderana.lk
Lanka IOC PLC, one of the major and premier private oil companies to have ever been set up in the country, has embarked on the organization’s next Corporate Social Responsibility (CSR) stance by giving a generous donation towards the TRAIL Walk initiative which took place in October this year. The cheque for the generous amount was handed over to Mahela Jayawardena and Kumar Sangakkara by LIOC Managing Director, Shyam Bohra.

Use of Trincomalee oil tanks issue remains unresolved?

2016-10-26 adaderana.lk
Despite the visit of the Indian Foreign Secretary S.Jaishankar accompanied by a high-level team from the Indian Oil Corporation over the weekend, differences between the Lanka IOC (LIOC) and the government of Sri Lanka over the Trincomalee oil storage tanks persist, the New Indian Express reported.

Sri Lanka to build 100,000 barrels per day refinery with India’s IOC

2016-10-07 bizenglish.adaderana.lk
Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo.

Sri Lanka to build 100,000 bpd refinery with India

2016-10-07 lankabusinessonline
NEW DELHI, Oct 6 (Reuters) – Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo.

Sri Lanka to build 100,000 bpd refinery with India

2016-10-06 in.reuters
NEW DELHI Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi's engagement with Colombo.

Saudi chops wage, benefit bill in delicate pursuit of austerity

2016-09-27 in.reuters
RIYADH/DUBAI A decision to slash ministerial pay by a fifth reflects Saudi Arabia's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices.

Oil prices slip on profit-taking as investors eye U.S. stockpile data

2016-09-27 in.reuters
SINGAPORE Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session.

When deals go bad - China state firm managers spooked by new liability rules

2016-09-27 in.reuters
HONG KONG Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable - for life.

High stakes for India's $84 billion airwave auction after Vodafone play

2016-09-27 in.reuters
MUMBAI Vodafone's (VOD.L) $7.2 billion cash injection into its Indian business has turned up the heat just days ahead of an $84 billion airwave auction which could decide who wins and loses in one of the world's fastest-growing telecoms markets.