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Thousands of people queued for cooking gas and petrol in Sri Lanka's commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a ...
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]
United Petroleum Sri Lanka commenced its operations on 28 August 2024. [16] United Petroleum is reportedly planning to establish a food manufacturing venture in Sri Lanka under its Pie Face brand. The company intends to invest approximately US$20-30 million in this project, which will be managed by its wholly-owned local subsidiary, United ...
The event became known as the 2022 Sri Lankan economic crisis Sri Lanka has faced energy crisis. With no foreign exchange to pay for fuel, Sri Lanka Government was dependent on an Indian line of credit of US$700 million which expired in June. The LIOC to date was enjoying a 16% market share for petrol and diesel in the local market.
Northern Province is located in the north of Sri Lanka and is just 22 miles (35 km) from India. It is connected with Indian mainland by Adam's Bridge (also known as Sethu Paalam or Rama's Bridge). It has an area of 8,884 square kilometres (3,430 sq mi).
In 1960, Sri Lanka – known then as Ceylon – elected its first female prime minister, Sirimavo Bandaranaike. She entered politics after her husband was assassinated while serving as prime minister.
Oil refineries in Sri Lanka (2 P) P. Oil-fired power stations in Sri Lanka (17 P)
In another sign of slack demand, consumer inflation in November was a lower-than-expected 0.2%, according to data released Monday, down from 0.3% the month before mainly due to lower food prices.