Lanka IOC’s petroleum license renewed for 20 more years

October 26, 2023 04:23 pm

Sri Lankan government has renewed the Petroleum Products License granted to Lanka IOC – the local subsidiary of Indian Oil Corporation.

Accordingly, the Sri Lankan wing of the Indian multinational oil and gas company is allowed to continue its retail operations on the island nation for another 20 years, with effect from January 22, 2024.

This was communicated by Lanka IOC PLC’s Managing Director, Dipak Das in a letter addressed to the Chief Regulatory Officer of the Colombo Stock Exchange (CSE). The announcement was made pursuant to Section 8 of the Listing Rules of CSE.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.