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Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
Fushun Petrochemical Refinery, Fushun Petrochemical Company , 160,000 bbl/d (25,000 m 3 /d) Sinopec Anqing Company Refinery, 110,000 bbl/day Sinopec Beijing Yanshan Company Refinery, 165,000 bbl/day
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [ 1 ]
Prices for industrial metals such as copper, zinc and aluminum have soared to record levels as energy shortages in China drive up costs for electricity and natural gas. [14] [15] The price of aluminum has reached a 13-year high. [16] [17] The energy crisis has intensified pressures on China ahead of the 2022 Winter Olympics.
A cost index is the ratio of the actual price in a time period compared to that in a selected base period (a defined point in time or the average price in a certain year), multiplied by 100. Raw materials, products and energy prices, labor and construction costs change at different rates, and plant construction cost indexes are actually a ...
Profit was limited in part by government price controls on downstream petrochemical products. ... Sri Lanka. [132] [133] [134] Governance.
The Sapugaskanda Refinery (also referred to as Sapugaskanda Oil Refinery) is the single largest oil refinery of Sri Lanka.The refinery was built in August 1969 by the Ceylon Petroleum Corporation under the guidance of Iran, [1] initially designed to process 38,000 barrels (6,000 m 3) per stream day of Dubai crude oil, and Arabian light crude oil.
Indian Oil Corporation, will invest Rs. 10 billion (US$62 million for the first phase, US$38 million would be invested in the second phase) in Sri Lanka and will operate 100 fuel stations which it has purchased from the Ceylon Petroleum Corporation [5] In 2003, Sri Lankan Government give to 15 Trincomalee oil tanks, on a 35 years lease for an ...