Bharat Petroleum, Vitol Asia to bid for Sri Lanka LPG terminal

Litro holds the largest market share in Sri Lanka's duopoly LPG market, mostly focused on domestic gas supplies.

Bharat Petroleum, Vitol Asia to bid for Sri Lanka LPG terminal

Vitol Asia and Bharat Petroleum are two of the eight bidders vying for Sri Lanka's state-run LPG company and terminal, as the island nation aims to reduce losses incurred by government-owned enterprises under a $2.9 billion IMF program.

The Sri Lankan government has announced that the eight bidders are now able to submit proposals to acquire shares in Litro Gas Lanka Limited and Litro Terminals (Private) Limited, according to a statement released by the finance ministry.

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The other shortlisted bidders are Siamgas and Petrochemicals Public Company Limited, BGN International DMCC and Bayegan Dis Ticaret A.S., Confidence Petroleum India Limited, OQ Trading Limited, Tristar Transport LLC, Infinity Holdings, Infinity Holdings Sidecar 1, and National Gas Company SAOG.

Litro holds the largest market share in Sri Lanka's duopoly LPG market, mostly focused on domestic gas supplies.

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