Trincomalee oil tank farm deal Current Affairs, GK & News

Sri Lanka India Oil Deal

On January 6, 2022, the Sri Lankan Government signed an agreement with the Lanka Indian Oil Corporation (LIOC). According to the agreement, Sri Lanka will lease oil tanks to IOC. About the Agreement Sri Lanka has leased 14 tanks to LIOC for fifty years. Another 24 tanks have been leased to CPC. CPC is joint ..

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Trincomalee Oil Tank Deal- Updates

Sri Lankan Cabinet has given its approval to a new deal with India, announced by the energy minister, for jointly developing the Trincomalee oil tank farm. Key Facts Ministers have nod to proposal presented by Minister of Power for allocating: 24 oil tanks for business activities of the Ceylon Petroleum Corporation 14 tanks of the Lower ..

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What is Trincomalee oil tank farm deal?

Sri Lanka is soon going to ink the long-dragging deal with India for jointly develop the ‘Trincomalee oil tank farm’. Highlights Trincomalee oil tank farm deal is a coveted project, that has remained controversial since long time. India and Sri Lanka have been negotiating this project for 16 months. For this purpose, Sri Lanka’s Energy ..

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