Archives

The India Government has arranged with the Export Import Bank of India to grant a loan of US$150 million to Ceylon Petroleum Corporation (CPC)to import Refined Petroleum Products for a period of six months, a CPC press release stated.

This is consequent to the request made by President Chandrika Bandaranaike Kumaratunga from the Indian Government.

CPC will purchase petroleum Products from the State owned Oil and Natural Gas Corporation Ltd (ONGC) and its subsidiary Mangolore Refinery and Petro Chemicals Ltd.(MRPL) in India.

The low interest loan is to be repaid in 15 installments within seven years. The agreement between CPC and the Export-Import Bank India in this regard was signed in Mumbai India on October 15.

www.crescat.com

www.ceylincoproperties.com

www.Pathmaconstruction.com

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries

Produced by Lake House
Copyright © 2003 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager