Lanka IOC Receives 20-Year Renewal for Petroleum Products License

Lanka IOC, a leading player in Sri Lanka's energy sector, has secured a significant renewal of its Petroleum Products License, extending the company's operational rights for two more decades. This renewal, granted by the Sri Lankan authorities, will come into effect on January 22, 2024.

The renewal of Lanka IOC's Petroleum Products License marks a substantial commitment to ensuring a stable and reliable supply of petroleum products in the country. The company has been a key contributor to Sri Lanka's energy sector, consistently providing essential fuels and lubricants to meet the nation's growing energy needs.

Lanka IOC's long-standing presence and continuous investment in Sri Lanka's energy infrastructure have played a vital role in supporting various industries and transportation services.