Sri Lanka returns substandard oil from PetroChina S’pore

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An honorable member of the Coffee Shop Has Just Posted the Following:

(3 Oct) – Sri Lanka’s state-owned fuel supplier Ceylon Petroleum Corp (Ceypetco) said it has returned 30,000 tonnes of gasoline supplied by the Singapore subsidiary of PetroChina due to substandard quality.

According to the Ceypetco’s managing director Susantha Silva, the stock of 90-octane gasoline from PetroChina Singapore was rejected as it failed to meet specifications.

The Ceypetco has accepted 5,000 tonnes of 95-octane gasoline and 5,000 tonnes of diesel from the Singapore subsidiary.

Silva has said that the oil stock was rejected since it failed one of the 15 parameters of the octane specifications, Reuters reported.

PetroChina’s Singapore subsidiary has been asked to resupply the cargo.

Ceypetco in January this year finalized a term contract to purchase nearly 3 million barrels of oil products for delivery over a six-month period from PetroChina.

Sri Lanka is being forced to import refined oil from several sources since Sri Lanka’s sole refinery can only purify Iranian crude and the crude supplies from Iran had to be reduced following the sanctions imposed on Iran by the United States.

Sri Lanka returns substandard oil from PetroChina S’pore


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