Read this...It is only Cairn that bidded for Sri Lanka and Bill Gammel now don't even own the company ...it is owned by Anil Agarwal one of the largest natural mineral tycoons in the world...there is hoax in what Champika Ranawaka said...10 billion dollars invested in oil drilling by Cairn...Sri Lanka's hotels were received millions including Taj, and there were over 100-1500 harbour workers, navy officials who were compensated directly and indirectly and Hayleys and other companies such as GAC shipping in Sri Lanka was handling shipping affairs...and airforce helicopters earned over 100 of millions...Champika Ranawaka was made a joke in 2011 by Oil Industry around the world when he said 4-D data acquisition is able to recover oil fast from our sea...which he even didn't know what is 4-D data acquisition...all politicians and entire media industry knows that Champika Ranawaka is dating Daily Mirror Cheif Editor lady which is famous in cocktail circles of Politics and Media.....Daily Mirror is heavily promoting Champika Ranawaka whatever he says...as a result...although Ranil Wickramasinghe's Maternal Cousins and immediate family owns Wijeya Newspapers in Sri Lanka.
Entire Financials of Cairn Lanka is available on Cairn India website and people could see what exactly they did in Sri Lanka... It is all funny what Champika says nobody can't earn what a company's shareholders earned from Share Price Hike...the share actually rose because those days Indian government approved the Anil Agarwal's purchase from Bill Gammel and Cairn increased its Oil Production from Rajasthan Block from 200,000 barrels per day to 300,000 barrels per day ...these are election gimmicks by Maithripala..
Video: Govt. has to collect US$7 Bn from Cairn Energy: Champika - See more at: http://www.dailymirror.lk/60289/govt-has-to-collect-us-7-bn-from-cairn-energy-champika?utm_source=twitterfeed&utm_medium=facebook#sthash.nc282F1V.dpuf
The Maithripala Administration will carry out an investigation into the failure by the present regime to collect a sum of US$7 billion which was owed to Sri Lanka by Cairn Energy which breached the contract to extract oil from the Mannar Basin, JHU General Secretary Patali Champika Ranawaka said today. He said the US$7 billion which was earned by Cairn Energy as a result of its share price hike after the announcement it made saying it had found Gas in Mananr Basin. Mr. Ranawaka, a former Minister of Power and Energy, said the price of shares belonging to Cairn Energy would have benefited Sri Lanka but unfortunately oil prices had declined. He said the company had paid more than US$1 billion to the Indian government in a similar situation that had occurred a business deal with India. “This is a mega deal and we will bring those responsible for this massive loss when we come to power,” Mr. Ranawaka said. Relating the story behind the oil and gas exploration, he said the international funding agencies paid attention to oil and gas exploration in 1990 and the project was initiated in 2000. He said Norwegian TGS OPEC was allowed to explore for oil in 2002 while in 2007 the Mannar Basin was divided into eight sections or fields based on seismic data. He said the third field was given to Cairn Energy, which is a British company owned by a close associate of former British PM Tony Blair. In 2011, Cairn had announced that Gas was found there but Cairn closed a deal with Vedanta where 40 percent of the stake was closed and the promise to extract oil within two years he said was not honored. Mr. Ranawaka said a litre of petrol Octane-92 could be sold at Rs.58.11 per litre, Petrol high Octane at Rs.73, diesel at Rs.69, Kerosene at Rs.69 and furnace oil at Rs.49 with the reduction of premium that can also be reduced with decrease in global oil prices. (Yohan Perera and Ajith Siriwardane) - See more at: http://www.dailymirror.lk/60289/govt-has-to-collect-us-7-bn-from-cairn-energy-champika?utm_source=twitterfeed&utm_medium=facebook#sthash.nc282F1V.dpuf