Sapugaskanda to run out of stocks by the 10th
- Thursday, 07 November 2013
The Sapugaskanda oil refinery is to run out of crude oil stocks by the 10th of this month.
The Ceylon Petroleum Corporation (CPC) Jathika Sevaka Sangamaya Branch has warned that the oil refinery at Sapugaskanda may have to be shut down by the 10th due to the lack of stocks.
Secretary of the Ceylon Petroleum Corporation (CPC) Jathika Sevaka Sangamaya Branch, Ananda Palitha said that currently no oil shipments are expected and the existing stocks would end by the weekend.
He observed that the crude oil quantity that is refined these days is less than the capacity of the refinery.
The refinery has a capacity to refine 6,000 tons of crude oil per day, but only 3,500 tons are refined per day at present.
The bad management of the CPC has been pointed out as the reason for the current situation and it would result in the Corporation losing Rs. 70 million per day.
