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Petroleum Ministry opposes move

6 April 2017 02:03 am - 7     - {{hitsCtrl.values.hits}}

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The Petroleum and Petroleum Gas Ministry is opposed to the move to hand over the Trincomalee Oil tank farm in total to the Indian authorities for development under a joint venture, Minister Chandima Weerakkody said today.

The Minister told Daily Mirror that at least 15 tanks should remain with the Ceylon Petroleum Corporation, and the rest could be considered for joint development with Lanka Indian Oil Company. He said the issue would be discussed with the Indian authorities.

However, a Cabinet paper has been submitted to transfer all the tanks for development under a joint venture with LIOC.

There are 84 tanks remaining unused at the moment. In 2003, the UNP government signed an agreement with India for the development of this Oil Tank Farm. Currently, LIOC is using 14 of the tanks in the lower farm. In the upper tank farm, there are 84 tanks still not used. (Kelum Bandara)

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  Comments - 7

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  • Tom Thursday, 06 April 2017 10:21 AM

    Petroleum MP of the former regime bandwagon

    rew Thursday, 06 April 2017 11:09 AM

    He belongs to the party that lost the Hen Election in August 2015. Lucky to have a job

    SL Thursday, 06 April 2017 01:22 PM

    What we get in return ? are we going to send profit back to India after they sell petrol in Sri Lanka? or are they going bring us any continuous forging cash in ?

    lkboy Thursday, 06 April 2017 02:29 PM

    no need to sign anything that is not profitable to us.

    Selvyn Wednesday, 05 April 2017 10:45 PM

    Who is he and what is he to oppose. He is just a sprat. His concern is insignificant via DM Android App

    Justica USA... Wednesday, 05 April 2017 10:53 PM

    under a joint venture cant we send all gmoa doctors trade unionist strikers n uni students to India for a complete overhaul....n if the Indians Like let them have em all.... via DM Android App

    Park Thursday, 06 April 2017 03:20 AM

    It depends on what is commercially beneficial to SL. There is no point in SL owning even one tank if it does not benefit the economy on a commercial basis.


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