Govt. denies plans to sell CPC

February 15, 2011 10:33 am

Minister of Petroleum Industry, Susil Premajayantha refuted UNP claims that the government was attempting to sell the Ceylon Petroleum Corporation (CPC) stating that the UNP government was responsible for selling one third of the company to the Indian Oil Company.

Following allegations made by UNP Galle District MP, Gayantha Karunathilleke claiming that the government was planning to sell the CPC to cover the losses incurred by the Hedging Agreement, the government has firmly stated that it maintains a policy to not sell any government institution but to re-acquire what state institutions have been sold to other parties, government media reported.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.