Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sri Lanka Plans to Buy Back Local Gas Unit of Shell

Sri Lanka’s government said it plans to take over the local unit of Royal Dutch Shell Plc, Europe’s largest oil company, with the purchase of a 51 percent stake that it doesn’t already own.

The government has formed a committee made up of officials from four ministries, including power and petroleum, that will negotiate with Shell, Cabinet spokesman Keheliya Rambukwella told reporters in Colombo today. The state currently owns a 49 percent stake in Shell Gas Lanka Ltd., the island’s largest retailer of liquefied petroleum gas.

“The government of President Mahinda Rajapaksa promised to stop privatizations and we will use every opportunity to buy back sold assets,” Rambukwella said.

The Sri Lankan government has agreed to buy Emirates Airline’s 43.6 percent stake in SriLankan Airlines, the nation’s largest carrier, for an undisclosed price, Chairman Nishanta Wickremasinghe said on June 4. The state already owns 51 percent of the airline.

Shell said it’s examining possible sales of LPG interests in countries including Malaysia, Pakistan, Sri Lanka, the Philippines and Singapore.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.