• Tue. Jan 31st, 2023

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  • UN Secretary-General Calls Governments to tax ‘Immoral’ Profits of Oil and Gas Companies

UN Secretary-General Calls Governments to tax ‘Immoral’ Profits of Oil and Gas Companies

As the war in Ukraine continues to rage, skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people, warned the UN Secretary-General’s Global Crisis Response Group (GCRG)…

Sri Lanka shuts only oil refinery to manage forex crisis

By Uditha Jayasinghe (Reuters) – Sri Lanka has temporarily shut its only oil refinery as part of efforts to manage dwindling foreign exchange reserves, the energy minister said on Tuesday, triggering…

Sri Lanka claims $267 billion worth of oil and gas deposits in the Mannar Basin

Sri Lanka has $267 billion worth of oil and gas resources hidden in the Mannar Basin in the North-West of the country where the government stands to gain $ 133.5…