Tuesday, June 28, 2011

Gas Oil Story: USD 500 Million Purchase Concluded By One Man

(By Faraz Shauketaly) In an astonishing revelation, Secretary, Ministry of Petroleum Industries, Titus Jayawardena, has signed off on an order for the supply of Gas Oil which has a staggering price tag of US$ 500 Million.

It could well be the single largest value business transaction ever carried out by a solitary official. The new port of Hambantota cost the government US$ 360 Million and the new airport in the South is costed at US$ 310 Million. Both these projects [...]


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