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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» ලාභ විජ්ජාව!!
by D.G.Dayaratne Yesterday at 8:11 pm

» Banking Sector (3Q 2024)
by God Father Yesterday at 7:05 am

» Prepare to be blown away..
by cpriya Yesterday at 1:05 am

» Hotel Sigiriya (HSIG) most undervalued & huge profit making Hotel
by LAMDA Sat Nov 16, 2024 11:38 pm

» ‘Buy the Rumour, Sell the News’
by God Father Sat Nov 16, 2024 12:00 pm

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Sat Nov 16, 2024 9:56 am

» Oil prices fall further
by Rare Sat Nov 16, 2024 9:40 am

» Post-election winners.
by Rare Sat Nov 16, 2024 9:36 am

» CSE to turn bullish after November 14 poll
by Rare Sat Nov 16, 2024 9:30 am

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Sat Nov 16, 2024 9:25 am

» Plantation Companies
by Rare Sat Nov 16, 2024 9:19 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Thu Nov 14, 2024 10:31 pm

» People's leasing VS Singer Finance IPO Analysis
by ddrperera Wed Nov 13, 2024 8:18 pm

» Insights into LOLC Advanced Technologies
by samaritan Wed Nov 13, 2024 10:41 am

» LOLC Tech's ambitious plans for global expansion
by samaritan Tue Nov 12, 2024 2:06 pm

» PLANTATION SECTOR
by God Father Sun Nov 10, 2024 8:19 pm

» People's leasing company, a hidden gem? (an analysis)
by Nandana Withanage Sun Nov 10, 2024 6:56 pm

» PEOPLE'S LEASING BUYING SIGNAL Target Price 19 ..PLEASE KEEP EYE ON THIS..
by nilantha suranga Sun Nov 10, 2024 9:16 am

» Peoples leasing technically positive Target Price Rs 20
by Shiranli Sun Nov 10, 2024 7:43 am

» Quarterly Research Updates (Sep 2024)
by God Father Sun Nov 10, 2024 7:42 am

» Peoples Leasing....!!! whts the target?
by rajithasahan Sun Nov 10, 2024 7:35 am

» PEOPLE'S LEASING & FINANCE PLC
by mafasmunaseer Sun Nov 10, 2024 12:45 am

» Will garment exports to U.S. be taxed under Trump administration?
by Quibit Sat Nov 09, 2024 4:34 pm

LISTED COMPANIES

Submit Post
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


You are not connected. Please login or register

LIOC imports substandard petrol again?

3 posters

Go down  Message [Page 1 of 1]

1LIOC imports substandard petrol again? Empty LIOC imports substandard petrol again? Sun Mar 10, 2013 8:55 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

LIOC imports substandard petrol again?

March 10, 2013 03:31 pm




The Ceylon Petroleum Corporation (CPC) says a special inspection is being carried out on a consignment of petrol imported by Lanka IOC to the Trincomalee Harbour.

Measures have been taken to conduct test on petrol samples, CPC Managing Director Susantha Silva said.

16,000 metric tonnes of petrol brought down by Lanka IOC had reached China Bay last evening while it has been reported that the quality of the fuel has sparked controversy.

Mr Silva said the unloading of the fuel shipment has been prohibited without special tests.

The CPC added that substandard fuel will not be allowed to be brought into the country.

Meanwhile industry trade unions claim that initial laboratory tests have confirmed that the petrol is substandard.

However, attempts by Ada Derana to contact an official of the Lanka Indian Oil Company (LIOC) failed.

Last month 5,000 metric tonnes of substandard diesel imported by Lanka IOC was rejected by Ceylon Petroleum Storage Terminals Limited (CPSTL).
http://www.adaderana.lk/news.php?nid=21923&mode=beauti

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

What's goin on with this LIOC now? This is not gonna be good news for them.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The LIOC today rejected the ‘false rumour’ circulating that the LIOC has received contaminated Petrol at Trincomalee. However the Ceylon Petroleum Corporation (CPC) yesterday said that a special inspection is being carried out on a consignment of petrol imported by Lanka IOC to the Trincomalee Harbour.

“We understand that a completely baseless and false rumor is getting circulated that LIOC is receiving contaminated Petrol at Trincomalee, the LIOC said in a press release.

The release added, “LIOC has been generally importing petroleum products for discharge at Colombo and Trincomalee. The ship discharging at Trincomalee has carried 26750 MT of Petrol out of which 10450 MT of petrol was initially discharged at Colombo after getting complete specification test done at CPSTL Lab after confirming that the product is meeting the specifications. After completing the discharge at Colombo, the ship has now been sent to Trincomalee for discharge of balance quantity of 16300 MT of Petrol. Even though the product was meeting the full specification at Colombo, as a measure of abundant precaution, testing was again carried out at Trincomalee and after ensuring that the product was meeting specification, discharge of Petrol has started.

We would like to assure all our customers that Lanka IOC is committed to supply petroleum products meeting the specification.”

It was reported yesterday that 16,000 metric tonnes of petrol brought down by Lanka IOC had reached China Bay; quality of the fuel has sparked controversy.

CPC Managing Director Susantha Silva said the unloading of the fuel shipment has been prohibited without special tests.

The CPC added that substandard fuel will not be allowed to be brought into the country.

Meanwhile industry trade unions claim that initial laboratory tests have confirmed that the petrol is substandard.

Last month 5,000 metric tonnes of substandard diesel imported by Lanka IOC was rejected by Ceylon Petroleum Storage Terminals Limited (CPSTL).
http://adaderana.lk/news.php?nid=21931

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The Colombo High Court today ordered the immediate seizure of a Vietnamese Ship - Vina Lion’s Glory, which was alleged to have transported the contaminated stock of fuel imported by Lanka Indian Oil Corporation (LIOC).

The LIOC filed action at the High Court seeking redress to a two and a half million USD it had suffered as a result of the contamination of 4500 MT of fuel.

Accordingly, investigations had revealed that the fuel had been contaminated during transportation from Singapore and due to no fault of the supplier or the importer.( Dasun Rajapaksa)
http://www.dailymirror.lk/news/26654-lioc-contaminated-oil-court-orders-immediate-detention-of-ship.html

Sponsored content



Back to top  Message [Page 1 of 1]

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