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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]
Lanka IOC. Lanka IOC PLC is a subsidiary of Indian Oil Corporation which operates retail petrol and diesel stations in Sri Lanka. LIOC is Sri Lanka's only private sector organisation retailing fuels with an island-wide distribution network of 213 retail outlasts. Its headquarters in the Colombo City, Colombo. [ 3]
2017 Sri Lankan fuel crisis. Sri Lanka, from 3 November 2017 until 11 November 2017, faced a fuel shortage when a substandard fuel shipment was rejected which caused a depletion in reserves due to the general public fearing of a prolonged duration of crisis. However, there was only a shortage of petrol not diesel or kerosene.
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
The installed electrical capacity and production of Sri Lanka by sources, from 2000 to 2018. Sri Lanka's electricity demand is currently met by nine thermal power stations, fifteen large hydroelectric power stations, and fifteen wind farms, with a smaller share from small hydro facilities and other renewables such as solar.
The Sinhala kingdom ceased to exist by 1815, following the British takeover.While the Sinhala kingdom is claimed to have existed from 543 BCE to 1815 CE, other political entities claimed to have co-existed in Sri Lanka spanning certain partial periods, including the Jaffna kingdom (which existed 1215–1624 CE), [5] Vanni chieftaincies (which existed from the 12th century to 1803 CE) and the ...
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...
Indian Oil Corporation Limited ( IOCL or IOC ), trading as IndianOil, is an Indian multinational [ 4][ 5] oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Registered in Mumbai but headquartered in New Delhi, [ 6] it is a public sector undertaking whose operations are overseen by the ...