Friday, April 18, 2008

India Oil wants to market aviation fuel in Sri Lanka

Having stabilised operations to retail transport fuels in Sri Lanka, the Lanka Indian Oil Corp, a subsidiary of India's state-run oil company, will ask for Colombo's permission to market aviation fuel.

"We are applying to the government to participate in the aviation fuel marketing and we are ready to develop infrastructure facilities for it," the managing director of Lanka Indian Oil Corp, K Ramakrishnan, said.

He said that Lanka IOC had offered to build its storage facilities and supply aviation fuel at the Katunayake international airport near here or the new airport at Weerawila, some 300 km away.

At the moment, the state-owned Ceylon Petroleum Corp (CPC) has a monopoly in marketing aviation fuel in this island nation.

Read more,

No comments: