FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post
STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute


Submit Post

CHRONICLE ANALYTICS
All Share Index (ASI), S&P, Milanka Price Index (MPI), Moving Averages and all other analytical graphs and charts

Contribute

Twitter Feeds

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Private sector to import, refine and distribute fuel

Private sector to import, refine and distribute fuel

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator
Private sector to import, refine and distribute fuel 75489ac1b62799867482fb836ed896e4_XL

The Government has decided to open to the private sector the business of supply, refining and distribution of petroleum products which are at present handled by the Ceylon Petroleum Corporation (CPC).


Accordingly, the Government has decided to amend the Petroleum Corporation Act No. 28 of 1961 so that the authority of granting permission for such operations will be entrusted to the minister in charge of energy.


The proposal was submitted by Energy Minister Udaya Gammanpila to the cabinet. According to the Cabinet paper, any party selected after following a proper procedure could be given permission to import, refine and distribute petrol, diesel, kerosene, Furnace oil, Petroleum products and alternative fuel.


Justifying the amendment, the Cabinet paper said that according to the 1961 Act, the CPC held the monopoly on oil imports, refinery and distribution, but under a 2002 Special Act, the Lankan Indian Oil Corporation was also granted permission.


However, since the Act was not effective now, the original Act needed to be amended to grant permission for competitive institutions to take part in import, refining and distribution, the proposal noted.


At present, the CPC is working on a proposal to establish a new refinery on a Build Operate and Transfer basis with a capacity of refining 100,000 barrels a day, but according to the Act the CPC does not have permission to enter into a joint venture or invite a competitor.


http://www.sundaytimes.lk/210530/news/private-sector-to-import-refine-and-distribute-fuel-445823.html


_________________




The biggest risk in life is not taking any risk at all.
Share this post on: redditgoogle

Bakkabwoi

Post Sun May 30, 2021 10:18 pm by Bakkabwoi

CHEVRON?>!

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum