It will be the single largest investment project ever
Will expand into EV charging and retail services
Lanka IOC was previously not charged a fee.
Sri Lanka revises prices in line with a formula
Hambantota Port has seen steep increase in oil and gas vessels in 2023 helped by Sinopec's bunker operations,
The firm reported earnings of 4.59 rupees per share for the quarter.
Power & Energy Minister Kanchana Wijesekara had said earlier that the shipment would arrive end-July.
If one company reduces the price, and others follow, there will be a big benefit
I requested them to look at a two-way oil & gas pipeline
Sinopec will use Ceypetco brand first as they need 10-15 days to change their own logo, do branding - minister
Sri Lanka has awarded retail fuel licenses to China’s Sinopec, United Petroleum Australia and US-based RM Parks
The tax was 25 rupees per liter in June and has now been increased to 50 rupees from this month - minister
Super Diesel was increased by 6 rupees to 346 rupees per litre
600+ MW of LNG power plants available will be pursued
Ground clearing begun around 3 tanks
The price revision will be done inline with the newly introduced pricing formula based on global prices
CPC and CPSTL have not been operating on Sundays and public holidays in the last 4 months
Lanka Industrial Kerosene will be cut by 60 rupees a litre to 270 rupees.
The new ration will be effetive from midnight May 31.
Fuel Quota currently allowed on the National Fuel Pass QR system will be increased from the next month
Expected to begin operations within 45 days of licensing
The contract will run from June 01, 2023
Profits up with currency fall
Petrol taxed at Rs77 a litre, diesel Rs51 a litre