LIOC මැලේසියාවේ හා ඉන්දුනීසියාවේ ලිහිසි තෙල් වෙළඳ පොළට

Now why would Lanka LIOC want to do that , and not their parent IOC ?
Secondly am amazed there are not enough players in Malaysia and Indonesia on this already.

Does anyone know that Indonesia is the 22nd largest oil producing country in the world?

Malaysia is 25th.

Yes Petronaz is there in Malaysia

Makes sense; after all they are well geared to work with currupt regimes!

Given the present situation with the Malaysian Ringgit the Malaysians are pretty keen to attract FDI.

However I wonder whether they'll let the Indians in, both to protect Petronas and due to Indian expats being increasingly unwelcome in Malaysia and Singapore these days.

Come to think of it, maybe that is why IOC is using LIOC as a front

Lanka IOC to invest Rs 400m on more outlets
MD Subodh Dakwale

Lanka IOC is planning on investing Rs. 400 million to add another 20 fuel stations to the current network, while also completing refurbishments of the existing fuel outlets, Lanka IOC Managing Director Subodh Dakwale said.

The company has also plans to export lubricants to test the markets of Indonesia and Malaysia.

The company’s market share of the lubricants sector will also be expanded through promotional campaigns by utilising the growing fuel station network as retail points. In this regard, extensive market surveys have already been conducted and revamped Lanka IOC lubricants will be launched in the new financial year(2015/2016). “Although I do not anticipate significant revenue contributions from market development initiatives over the short term, I believe export markets will open up new revenue opportunities over the longer term,”Dakwale said.

Lanka IOC bunkering operations are currently facing severe price competition from Indian ports that are able to offer lower prices due to domestic production of fuels, while Lanka IOC has to accommodate the additional costs related to fuel imports. However, he is hopeful that company’s technical expertise and extensive range of services will continue to provide a competitive advantage to ensure sustained revenue growth in the new financial year. (IH)