Ceylon Petroleum Corporation Has Suspended Oil Contracts Worth Millions Of Dollars Signed By Last Year

The sate owned Ceylon Petroleum Corporation (CEYPETCO) has suspended oil contracts worth Millions of Dollars which were signed last year during previous government  for fuel deliveries according to the Chairman of "CEYPETCO"  Ranjith Wikramasinghe..

The said oil contracts were suspended due to not following standard competitive guidelines the chairman has said.

CEYPETCO has suspended the contracts signed last year with companies namely Petrochina,Unipec,Swiss Singapore and Emirates National Oil Company for supplying Gasoline,Gasoil and Jet Fuel deliveries.