No oil price hike in the near future - Fowzie
Oil prices will not be increased in the near
future unless there is a drastic surge in world crude oil prices.
The government is planning to make more profits from its refineries
to set off the subsidy loss, said Petroleum and Petroleum Resources
Development Minister A.H.M. Fowzie in an interview with the Sunday
Observer.
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Oil exploration - probability high, challenges greater
The Government is ready to start the much
awaited oil and gas industry in Sri Lanka and has invited Sri Lankan
experts with wide experience in the field. The Petroleum Resource
Development Secretariat is now working on drafting contracts,
development of human resources and other aspects for the industry.
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NDB Bank joins IFC's Global Trade Finance Program
IFC, the private sector arm of the World Bank
Group, said that NDB Bank has become the first bank in Sri Lanka to
join its Global Trade Finance Program. The program is providing NDB
Bank with an $8 million facility.
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