It is said that the Transport and Civil Aviation Ministry Secretary G.S. Withanage, CPC Managing Director Niel Jayasekara and the Directors of Arinma Holdings Sanjeewa Malalasekara and Irshad Ali are currently in the process of drawing up the plans for this purpose.
Withanage was appointed as the CPC Chairman after he was made to retire while he was serving as the Transport and Civil Aviation Ministry Secretary.
During the previous regime, Withanage and Niel had gone to Malaysia for discussions in this regard on the mediation of Sanjeewa and Irshad.
It is also reported that the previous Minister Kabir Hashim was also unaware that they had gone to Malaysia for such discussions.
Currently the lubricants manufactured locally is done by Malaysian Company Hyrex Oil.
The CPC has already signed an agreement with this company to purchase their lubricant mix worth 500,000 per month for the next 20 years.
It is also reported that there are several other conditions in this agreement which are detrimental to the country.
It is also reported that the CPC has granted the CPC owned Muthurajawela oil storage facility to set up their lubricant mixing factory free of charge.
This lubricant mixing factory was declared open last June by Prime Minister Ranil Wickremesinghe and then Acting Minister Anoma Gamage.