Sri Lanka

Profits Drop at Lanka IOC, Petronas

Profits Drop at Lanka IOC, Petronas

Lube Report Asia - September 18, 2020

Lubricant supplier Lanka IOC reported a steep net loss, and the lubricants business segment of Malaysian state-owned oil ...

Profit Down for Chevron Lubricants Lanka

Profit Down for Chevron Lubricants Lanka

Lube Report Asia - May 21, 2020

Chevron Lubricants Lanka Plc reported sharp declines in profit and sales for the quarter ending March 31, compared to th ...

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Sri Lanka Chases Unauthorized Lubes

Lube Report Asia - March 6, 2020

A Sri Lankan government agency raided 15 retail shops in mid-February and confiscated unauthorized lubricants as part of ...

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Q3 Earnings Mixed in South Korea, Sri Lanka

Lube Report Asia - November 1, 2019

S-Oil reported increased operating income for its base oil business, while SK Lubricants and Hyundai Shell Base Oil Co. ...

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Sri Lanka Demand Shrank in 2018

Lube Report Asia - August 30, 2019

Lubricant demand volumes in Sri Lanka shrank 0.3 percent in 2018, while the sales value of those products rose 3.1 perce ...

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Hyrax to Open Sri Lanka Blending Plant

Lube Report Asia - June 21, 2019

Malaysian company Hyrax Oil plans to open a lubricant blending plant next week at an oil terminal in Muthurajawela, Sri ...

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Sri Lanka Invites Bids for Licenses

Lube Report Asia - September 21, 2018

The Sri Lankan government invited lubricant suppliers this month to apply for the new permits that it plans to issue for ...

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Sri Lanka’s Lubes Competition Plans Draw Fire

Lube Report Asia - May 11, 2018

The Sri Lankan agency planning to allow more competition in the nations lubricant market was advised recently that it sh ...

ExxonMobil Buying Indonesian Blender

ExxonMobil Buying Indonesian Blender

Lube Report Asia - May 4, 2018

ExxonMobil has agreed to purchase Indonesian lubricant blender PT Federal Karyatama, the companies announced this week, ...

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Chevron Lanka Profit Plunges

Lube Report Asia - October 24, 2017

Chevron Lubricants Lanka Plc reported a 34 percent drop in its third-quarter profit, hurt by lower revenue and finance i ...

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Sri Lanka Lube Sales up Double-digits

Lube Report Asia - July 18, 2017

Lube sales in Sri Lanka were up 11.4 percent last year, as Chevron continued to hold the lions share of the 26.1 billion ...

Sri Lankas Synlubes Tax Hike: Good or Bad?

Sri Lankas Synlubes Tax Hike: Good or Bad?

Lube Report Asia - April 11, 2017

Duties and taxes on synthetic lubricants in Sri Lanka shot up by 31 percent late last year, a move commerce advocate gro ...

Chevron Lanka Records Strongest Year Yet

Chevron Lanka Records Strongest Year Yet

Lube Report Asia - April 4, 2017

Chevron Lanka recorded a 13 percent higher profit in 2016 - its best year yet - due to growth in the countrys manufactur ...

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Profits Dip at Continental, Chevron Lanka, Tide Water

Lube Report Asia - February 21, 2017

Chevron Lanka, Continental Petroleums Ltd. and Tide Water Oil Co. profits each took hits in the quarter ended Dec. 31.

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Marine Market Dries Up in Sri Lanka

Lube Report Asia - November 22, 2016

Sri Lankas demand for marine lubricants plummeted last year, and some observers blame high import duties for driving up ...

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Gulf, Chevron Lanka Profits Up

Lube Report Asia - October 25, 2016

Gulf Oil Lubricants India Ltd. reported that its second-quarter net profit jumped 28 percent year on year thanks to volu ...

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Sri Lankas Lube Consumption Grows

Lube Report Asia - October 11, 2016

Sri Lankas annual demand for finished lubricants grew 6.8 percent in 2015 to almost 58 million kiloliters, accounting fo ...