Indian Petroleum giant eyeing oil exploration in Lanka

  • 21 Feb 2006 05:01:03 GMT

    Only oil SL has is Coconut Oil and Gingelly Oil!

  • 21 Feb 2006 06:05:45 GMT

    Can someone explain this - Petrol costs INR 50/- per Ltr

    in India while it is sold for SLR 80/- per Ltr in Colombo.

    Converting to USD - India : USD 1.128/Ltr Colombo : USD 0.78/Ltr. Diff of USD.0.348 per ltr is huge. How they manage ??

  • 21 Feb 2006 06:32:41 GMT

    The platform for another new State of India. Big brother hegemony is on the cards. Get the expertise of Malaysia and be independant.

  • 21 Feb 2006 16:20:49 GMT

    Sukumum,

    Probably because in SL oil is subsidized. And we usually don`t pay the subsidy bill to the IOC as a way of telling them to get out. One more reason why I support this government.

  • 21 Feb 2006 16:26:05 GMT

    It is good Indians are interested on this business. They have better knowledge and experience in oil deposits in this region. I remember Dr Kulasingham who worked as a chemistry professor in university of Peradeniya in 70`s said srilankan oil deposits are mixed with methane and thefore it may difficult to extract. That`s why Pesalai project was unsuccessful. Indians may have technology to to overcome this problem.

  • 21 Feb 2006 18:31:38 GMT

    Are the JVP brethren still formulating their position on this. They are silent.

  • 21 Feb 2006 19:39:04 GMT

    LUCKY JAY..... how the hell you know no oil around sri lanka ???? did you lick all arond ....... (wht evr) hi hi hi

  • 21 Feb 2006 19:43:28 GMT

    Ho... ho... KIWIKANGA like coconut oil, c any nut comes with oil

  • 24 Feb 2006 00:29:50 GMT

    TREX, what about cadjunut and arrecanut?