8 bidders, including Vitol Asia and BP, compete for shares in Sri Lanka's state-run LPG company and terminal, Litro Gas Lanka and Litro Terminals, to reduce losses under a $2.
8 bidders, including Vitol Asia and Bharat Petroleum, vie for shares in Sri Lanka's state-run LPG company and terminal, Litro Gas Lanka and Litro Terminals. The move aims to reduce government-enterprise losses under a $2.9bn IMF program, as Sri Lanka finalized an IMF program in March to reform its economy. Litro, with the largest market share in the LPG duopoly, focuses on domestic gas supplies.
July 08, 2024
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