Sri Lanka’s Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-owned oil and gas company, owes Iran about $250 million for oil shipments in recent months.

Sri Lanka on Monday banned imports of palm oil and new palm plantations, and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry.

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the ...

Concerns over possible oil price hikes in Sri Lanka are aggravating the economic pain caused by a significant decline in agricultural production, with output in key crops such as rice, rubber and ...

A smoldering container ship began to sink off the Sri Lankan coast Wednesday, officials said, heightening fears an oil and chemical spill could exacerbate one of the worst ecological disasters in ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. "During President Anura Kumara Dissanayake’s ...

Sri Lanka's navy said on Tuesday that an oil slick had been spotted a kilometre from a loaded supertanker off the country's east coast, as efforts to extinguish a fire on board continued. Sri ...

Sri Lanka’s agricultural landscape is witnessing a silent yet profound transformation with the rapid expansion of oil palm plantations. Once introduced as a commercial crop, the oil palm (Elaeis ...

Sri Lanka is grappling with a deepening crisis in the coconut and palm oil industry, triggered by a severe shortage of coconuts and soaring global palm oil prices. A ban on oil palm cultivation as a ...

Firefighting crews from Sri Lanka and India are working to put out a large blaze aboard an oil tanker that has been burning since Thursday, off the coast of the south Asian island nation.

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the ...