LIOC - Range to look for!

kanishkaecomm · 1 LIOC - Range to look for! Thu Dec 09, 2021 8:00 pm

kanishkaecomm

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kanishkaecomm · 2 Re: LIOC - Range to look for! Thu Dec 09, 2021 8:07 pm

kanishkaecomm

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Fuel imports monopoly to LIOC?
DECEMBER 9, 2021

-Ajith P. Perera alleges Basil entered into an agreement with India during a recent visit.
-Claims agreement to permit LIOC to import entire national requirement.
-Ministry of Energy denies allegations.

BY Shenal Fernando.

Former United National Party (UNP) MP Ajith P. Perera has alleged on social media that Lanka IOC (LIOC) has been granted complete control over fuel imports to Sri Lanka.

Explaining this allegation, Perera claimed that according to the agreement entered into by Minister of Finance Basil Rajapksa in his recent visit to India, LIOC will import sufficient quantities of fuel to fully cater to the country’s fuel demand and that subsequently all fuel requirements of Ceylon Petroleum Corporation (CPC) sheds must be purchased from LIOC.

However, these allegations were refuted by Ministry of Energy Secretary K.D.R. Olga, who spoke to The Morning Business yesterday ( Cool

. “We have no idea on what he is basing these allegations on, but what he stated is completely false. They (LIOC) will, as per their right to do so, import the necessary fuel for their requirements and the CPC will continue to import separately the necessary fuel for its requirements. There is no other arrangement, as he claims so,” she said.

The Minister of Finance visited New Delhi on a two-day official visit at the invitation of Indian Finance and Corporate Affairs Minister Nirmala Sitharaman. Obtaining financial assistance from India in order to ease pressure on the country’s foreign reserves, while also preventing a scenario where the Government would have to seek assistance from the International Monetary Fund (IMF) to address the current economic crisis, was expected to be a priority in this visit.

A new release published by the High Commission of Sri Lanka in New Delhi on 3 December claimed that the Sri Lankan Finance Minister had briefed the Indian authorities of the economic situation in Sri Lanka and his Government’s approach to addressing post-Covid-19 challenges. In return, the Indian authorities had expressed India’s solidarity with Sri Lanka at this juncture and had reiterated that India will stand by Sri Lanka as per its “Neighborhood First” policy.

Accordingly, it was claimed that both sides had discussed the offer of a currency swap to help Sri Lanka address the current balance of payment (BOP) issues and a food and health security package on an urgent basis that would envisage an extension of a line of credit to cover the import of food, medicines, and other essential items from India to Sri Lanka and an energy security package that would include a line of credit to cover the import of fuel from India, along with an early modernization of Trincomalee Oil Tank Farm.

However, as per reports, both parties did not arrive at a final decision on the above proposals and will be communicating with each other directly and indirectly in order to achieve a satisfactory resolution within a mutually agreed timeline.

https://www.themorning.lk/fuel-imports-monopoly-to-lioc/

kanishkaecomm · 3 Re: LIOC - Range to look for! Thu Dec 09, 2021 8:07 pm

kanishkaecomm

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"Brokers said Lanka IOC shares are on the rise because of 99 oil tanks in Sri Lanka’s Eastern Port city of Trincomalee after the recent finance minister’s visit to India where he discussed possible investments into Trincomalee oil tank farm.

After Finance Minister Basil Rajapaksa’s visit, the government said as one of the four pillar strategies to address Sri Lanka’s current economic situation it discussed “Energy security package that would include a line of credit to cover import of fuel from India, and an early modernization of Trincomalee Tank Farm”.

Analysts said the market expects Lanka IOC to invest more in the tanks and distribution with the credit line."

https://economynext.com/sri-lanka-stocks-down-on-lolc-related-shares-88688/

kanishkaecomm · 4 Re: LIOC - Range to look for! Thu Dec 09, 2021 8:10 pm

kanishkaecomm

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The Energy Ministry is to finalise a business plan between the Ceylon Petroleum Corporation and the Lanka Indian Oil Company (LIOC) for Trincomalee oil tanks, an official said.
To finalise the plans, the Ministry has requested the Survey General Department to carry out a survey of the 677 acre land in which the 99 oil tanks are spread over.
Following a request from Ministry Secretary K.D.R. Olga, the survey is now underway.
A senior CPC official said talks with the LIOC were ongoing with the objective of reducing the losses of the corporation, increasing its storage capacity and venturing on a joint business plan with the LIOC.
He said the business plan also included the provision of bunkering facilities.
The official said the ongoing survey was required to finalise the business plan as the last survey on the outer perimeter was done about 18 years ago.
The Sunday Times learns that part of the business plan is to set up a joint venture between the CPC and the LIOC for a development of a section of the tanks while at least 14 tanks will be given to the LIOC.
https://www.sundaytimes.lk/211205/news/business-plan-between-cpc-and-lioc-for-trinco-oil-tanks-464476.html

Eleven · 5 Re: LIOC - Range to look for! Fri Dec 10, 2021 8:58 am

Eleven

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Yes, they will definitely take over the fuel market in Sri Lanka in the future, directly or indirectly.

When that situation arises soon, we will not even be able to touch this share.

X · 6 Re: LIOC - Range to look for! Fri Dec 10, 2021 9:34 am

X

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Eleven · 7 Re: LIOC - Range to look for! Fri Dec 10, 2021 10:13 am

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X wrote:

With this type of news, HNWI and Brokers have already started collecting!

kanishkaecomm · 8 Re: LIOC - Range to look for! Fri Dec 10, 2021 3:43 pm

kanishkaecomm

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Just hold & collect more for the next move! Give it some time to consolidate. LIOC - Range to look for! 1f4aa

50% Upside Potential with current mkt price.

kanishkaecomm · 9 Re: LIOC - Range to look for! Sat Dec 11, 2021 10:58 am

kanishkaecomm

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India working on urgent economic package to help Lanka tide over crisis

India is working out a package on an urgent basis to assist Sri Lanka, following finance minister Basil Rajapaksa's New Delhi visit that focussed on measures to tide over an economic crisis that the island nation is facing.

India is expected to extend a food & health security package to Sri Lanka on an urgent basis, along with an energy security package and currency swap, and also push Indian investments, officials told ET. It was agreed during Rajapaksa's visit that the procedures ..

Read more at:
https://economictimes.indiatimes.com/news/india/india-working-on-urgent-economic-package-to-help-lanka-tide-over-crisis/articleshow/88213984.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Eleven · 10 Re: LIOC - Range to look for! Sun Dec 12, 2021 3:19 pm

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X · 11 Re: LIOC - Range to look for! Sun Dec 12, 2021 3:21 pm

X

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Eleven wrote:

"Discussions heading in a positive direction" - LIOC Managing Director

https://www.themorning.lk/trincomalee-oil-tank-farm-talk-of-new-investments-from-india/

"Reports said at least 14 tanks will be given to Lanka IOC under plan to develop the tank farms as a joint venture with the Ceylon Petroleum Corporation."

https://economynext.com/sri-lanka-eyeing-billion-us-dollar-qatar-swap-to-boost-forex-reserves-minister-88767/#modal-one

kanishkaecomm · 12 Re: LIOC - Range to look for! Mon Dec 13, 2021 9:53 am

kanishkaecomm

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X wrote:

Eleven wrote:

"Discussions heading in a positive direction" - LIOC Managing Director

https://www.themorning.lk/trincomalee-oil-tank-farm-talk-of-new-investments-from-india/

"Reports said at least 14 tanks will be given to Lanka IOC under plan to develop the tank farms as a joint venture with the Ceylon Petroleum Corporation."

https://economynext.com/sri-lanka-eyeing-billion-us-dollar-qatar-swap-to-boost-forex-reserves-minister-88767/#modal-one

All-Time High Possible

kanishkaecomm · 13 Re: LIOC - Range to look for! Tue Dec 14, 2021 11:15 am

kanishkaecomm

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kanishkaecomm wrote:

47>>>57

kanishkaecomm · 14 Re: LIOC - Range to look for! Tue Dec 14, 2021 2:07 pm

kanishkaecomm

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kanishkaecomm wrote:

kanishkaecomm wrote:

47>>>57

X · 15 Re: LIOC - Range to look for! Thu Dec 16, 2021 6:27 pm

X

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http://biz.adaderana.lk/ඉන්දියාවෙන්-ඩොලර්-බිලියන/

Eleven · 16 Re: LIOC - Range to look for! Sat Dec 18, 2021 7:13 pm

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https://www.deshaya.lk/article/40/පුවත්/19773/ත්%E2%80%8Dරිමලේ-තෙල්-ටැංකි:-ඉන්දියාව-සහතිකයක්-ඉල්ලයි

kanishkaecomm · 17 Re: LIOC - Range to look for! Sat Dec 18, 2021 10:15 pm

80+++++++

kanishkaecomm · 18 Re: LIOC - Range to look for! Sat Dec 18, 2021 10:16 pm

80+++++++

Eleven · 19 Re: LIOC - Range to look for! Mon Dec 20, 2021 10:51 am

Eleven

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Eleven · 20 Re: LIOC - Range to look for! Mon Dec 20, 2021 12:45 pm

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Eleven · 21 Re: LIOC - Range to look for! Mon Dec 20, 2021 2:37 pm

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2021/12/20 - LIOC Cash Map

(Where can I find this guys?)

hanuma · 22 Re: LIOC - Range to look for! Mon Dec 20, 2021 10:43 pm

hanuma

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Tomorrow reach to Rs 55 - 60 range.good luck.

kanishkaecomm · 23 Re: LIOC - Range to look for! Tue Dec 21, 2021 10:35 am

kanishkaecomm

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kanishkaecomm · 24 Re: LIOC - Range to look for! Tue Dec 21, 2021 11:10 am

kanishkaecomm

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https://www.youtube.com/watch?v=GYkBwEYtA-8

kanishkaecomm · 25 Re: LIOC - Range to look for! Tue Dec 21, 2021 11:11 am

kanishkaecomm

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LIOC - Range to look for!

1 LIOC - Range to look for! Thu Dec 09, 2021 8:00 pm

kanishkaecomm

2 Re: LIOC - Range to look for! Thu Dec 09, 2021 8:07 pm

kanishkaecomm

3 Re: LIOC - Range to look for! Thu Dec 09, 2021 8:07 pm

kanishkaecomm

4 Re: LIOC - Range to look for! Thu Dec 09, 2021 8:10 pm

kanishkaecomm

5 Re: LIOC - Range to look for! Fri Dec 10, 2021 8:58 am

Eleven

6 Re: LIOC - Range to look for! Fri Dec 10, 2021 9:34 am

X

7 Re: LIOC - Range to look for! Fri Dec 10, 2021 10:13 am

Eleven

8 Re: LIOC - Range to look for! Fri Dec 10, 2021 3:43 pm

kanishkaecomm

9 Re: LIOC - Range to look for! Sat Dec 11, 2021 10:58 am

kanishkaecomm

10 Re: LIOC - Range to look for! Sun Dec 12, 2021 3:19 pm

Eleven

11 Re: LIOC - Range to look for! Sun Dec 12, 2021 3:21 pm

X

12 Re: LIOC - Range to look for! Mon Dec 13, 2021 9:53 am

kanishkaecomm

13 Re: LIOC - Range to look for! Tue Dec 14, 2021 11:15 am

kanishkaecomm

14 Re: LIOC - Range to look for! Tue Dec 14, 2021 2:07 pm

kanishkaecomm

15 Re: LIOC - Range to look for! Thu Dec 16, 2021 6:27 pm

X

16 Re: LIOC - Range to look for! Sat Dec 18, 2021 7:13 pm

Eleven

17 Re: LIOC - Range to look for! Sat Dec 18, 2021 10:15 pm

kanishkaecomm

80+++++++

18 Re: LIOC - Range to look for! Sat Dec 18, 2021 10:16 pm

kanishkaecomm

80+++++++

19 Re: LIOC - Range to look for! Mon Dec 20, 2021 10:51 am

Eleven

20 Re: LIOC - Range to look for! Mon Dec 20, 2021 12:45 pm

Eleven

21 Re: LIOC - Range to look for! Mon Dec 20, 2021 2:37 pm

Eleven

22 Re: LIOC - Range to look for! Mon Dec 20, 2021 10:43 pm

hanuma

23 Re: LIOC - Range to look for! Tue Dec 21, 2021 10:35 am

kanishkaecomm

24 Re: LIOC - Range to look for! Tue Dec 21, 2021 11:10 am

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25 Re: LIOC - Range to look for! Tue Dec 21, 2021 11:11 am

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26 Re: LIOC - Range to look for!

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