The Ceylon Petroleum Corporation (CPC) is set to begin exporting lubricating oil within the next two months, according to CPC Chairman D.J. Rajakaruna. He confirmed that Bangladesh has already placed orders for the product.
Speaking at a function of the Ceylon Petroleum Corporation Employees’ Union, Rajakaruna highlighted the revival of the lubricant oil industry, which had previously collapsed. “Until now, our lubricant oil industry had completely collapsed. I am happy to say that we have been able to double our production during this period. I am also pleased to announce that production will reach its maximum in two months. During that time, we will begin exporting CEYPETCO lubricants abroad. We have already received an order from Bangladesh,” he stated.
In addition to lubricant oil exports, Rajakaruna revealed that CPC has partnered with airlines to supply aviation fuel at reduced costs, making it more competitive in the region. He noted that as a result, the aviation fuel trade is now growing at a faster rate compared to the previous year.
