Global oil market forecasts and imports to Sri Lanka
Home Global oil market forecasts and imports to Sri Lanka. Global oil market forecasts and imports to Sri Lanka.World trade in crude oil is valued at US$ 10 trillion a year and is only 50 per
Sri Lanka plans to upgrade its sole oil refinery and double its capacity to boost output and to reduce the cost of importing refined fuels, the country's Petroleum Resources Minister Chandima
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Oil Refinery and Pipeline: Sri Lanka’s only refinery and the main port-to-refinery pipeline are in urgent need of upgrading and expansion. The state-owned Ceylon Petroleum Corporation (CPC), runs the Sapugaskanda refinery and has stated it will invite bids to modernize the existing refinery and to build a new refinery.
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COLOMBO, May 22 (Reuters) - Sri Lanka’s sole refinery, which was closed last week due to a delayed crude oil delivery, will resume operations in two days with an expected 1 million barrels of
Sri Lanka : Sri Lanka to import crude from Oman and Saudi
* Sri Lanka to import crude from Oman and Saudi Arabia Sat, Oct 27, 2012, 09:16 pm SL Time, ColomboPage News Desk, Sri Lanka. Oct 27, Colombo: Petroleum Industries Minister of Sri Lanka, Susil Premajayantha assured today that there will be no shortage of fuel in the country due to the closure of the refinery as the government has taken measures to import oil from other sources.
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Europe oil product traders eye refinery crude slate switch
Crude barrels with a heavier residual cut have done well as a result, pushing sweet barrels into a lower but attractive pricing level against Dated Brent. Physical crude oil cargoes typically trade 10-55 days ahead. Buying sweet barrels now could see margins and cracks change from late August to early October.
Sri Lanka : 6 records since 1991 , the average of these recordings : 495 $ The highest data : 2006 is the highest year for the indicator : Petroleum oil, crude - Exporting Countries ($). The result is: 1,550 $. The lowest data : 1991 is the lowest year for the indicator : Petroleum oil, crude - Exporting Countries ($). The result is: 103 $.
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Sri Lanka reinstates Vitol's supplier status after fuel
Sri Lanka has been forced to boost imports of refined oil products as Western sanctions aimed at Iran have curbed the flow of crude from the OPEC member. Iranian oil is the main feedstock used by Sri Lanka’s sole refinery, which has a 50,000 barrel-per-day capacity.
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Refinery news round-up: Turnarounds, new launches in focus
The refinery has three crude distillation units.IOC plans to raise the capacity of its Panipat refinery to 25 million mt/year by 2024 to meet growing demand for oil products. The refinery's capacity is 15 million mt/year.the Board of Investment of Sri Lanka said. It also said Oman Oil Company "has registered their firm intention" to
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Refinery news roundup: Major autumn works underway
Market sources said crude oil feedstock for Huabei's newly expanded capacity will likely be sourced from the Middle East. The refinery has been mainly processing domestic crude oil from PetroChina's Huabei block and Jidong block, transported through the Tianjin-Huabei crude oil pipeline, refining sources said.
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Crude Rises on Revised Price Forecasts, Improving Trade
WTI and Brent futures continued to trade higher as several banks revised up their 2024 price forecasts in the wake of the improving trade outlook and a new OPEC-led agreement to curb output
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Storage Filling Up With Unaccounted-For Oil
U.S. crude oil storage is filling up with unaccounted-for oil. There is a lot more oil in storage than the amount that can be accounted for by domestic production and imports. That's a big problem
Refinery news roundup: News emerge on starting works
Crude oil was fed into the refinery's No. 1 CDU and the unit started running in mid-December 2024. Meanwhile, Hengli is likely to start marketing its petrochemical and oil products in the first half of 2024.
