Notable
oil import bill has jumped due to higher oil prices after escalation in the Middle East
Sri Lanka’s Sapugaskanda oil refinery has been modified to refine Murban since 2012
Global debt is projected to reach 100 percent of GDP by 2029, it said at its Spring Meetings in Washington.
“We can’t taste it and see [ha-pa-la ba-lan-na be-he]."
All four blocks have a cumulative area of over 30,000 sq, km
Significant natural gas accumulations in two offshore wells within the deepwater Mannar basin have been discovered
Prices of Octane 95, Super Diesel were maintained at the same level
The Group has decided to divest the residual assets instead of relocating the plant overseas
This process is now underway and the LNG supply is planned to start in 2028
Sri Lanka faced a severe fuel shortage and long queues in 2022
Murban crude is still lower than December numbers
Bids were invited from registered suppliers of Ceylon Petroleum Corporation and 7 bidders submitted bids.
Gov to call for investment proposals for oil and natural gas exploration and production in 4 blocks in Mannar Basin
The 300,000 (+/- 5%) barrels of petrol is for a six month period from April 15 to October 14.
Cable to export import power
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
IOC to supply 414,000 liters, Chevron to supply 389,000
CPC has been given the tanks on a 50-year lease.
Not all dealers are involved in the proces - CPC Chairman says
“This investment adds a reliable fuel provider to the market.”
Sapugaskanda refinery was built in 1969 to refine Iran light crude
.Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO) already available
United Petroleum, Sinopec and RM Parks were given distribution rights amid a currency crisis
Murban is considered as the next best alternative to Iranian light crude
Sri Lanka to resolve outstanding issues within a month
Current ruling party strongly opposed Trincomalee oil tank farm JV with India
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