Ceylon Petroleum Corporation to reject stock of imported furnace oil

Ceylon Petroleum Corporation to reject stock of imported furnace oil

Ceylon Petroleum Corporation to reject stock of imported furnace oil

Written by Staff Writer

30 Jun, 2014 | 10:00 pm

The Ceylon Petroleum Corporation has announced a decision to reject 20,000 metric tonnes of furnace oil that was imported to the country.

The Chairman of CEYPETCO S. Amarasekera said that the stock of oil was rejected as it did not meet required standards.

The Sapugaskanda Oil refinery produces 75 percent of the furnace oil that is essential for industrial use, including in the electricity sector.

CEYPETCO had resorted to importing furnace oil following the closure of the Sapugaskanda oil refinery, which came to a standstill a week ago.

The chairman of CEYPETCO stated that the newly imported stock of high sulphur furnace oil weighing 20,000 tonnes were rejected due to low standards.

“There are several private companies that supply power to the CEB,” Amarasekera said. “One of the parameters was not met in a stock of oil we imported for them. Thereby we did not accept this stock. The replacement stock will arrive in about five or six days. We should be able to manage with the stocks we have at present. However, if there is a shortage, we will have to provide them with diesel.”

However, convening a media briefing last week, the subject minister noted that although the refinery had been closed for annual maintenance, CEYPETCO had enough stocks in reserve.

Minister of Petroleum Industries Anura Priyadarshana Yapa made following statement on June 26.

“We have enough reserves to last the country for close to a month. Thereby, there will be no loss of oil stocks or fuel shortage in the country.”

However, petroleum corporation trade unions claim that CEYPETCO has already halted the supply of furnace oil.

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