Shringla visits Trincomalee oil tank farm, key India-Sri Lanka economic partnership link
The Hindu
His visit to the site assumes significance as oil sector trade unions in Sri Lanka have demanded that tanks be brought under the control of the state fuel entity Ceylon Petroleum Corporation (CPC).
Foreign Secretary Harsh Vardhan Shringla on Sunday visited the World War II-era oil storage facility in the strategically advantaged port district of Trincomalee in Sri Lanka’s east coast, which has been a key bilateral economic partnership link for decades.
The Trincomalee Harbour, one of the deepest natural harbours in the world, was developed by the British during the World War II.
Since 2003, the Lanka IOC, the Sri Lankan subsidiary of India's oil major Indian Oil Corporation (IOC), has the leasing rights to 99 tanks at the facility for a period of 35 years for an annual payment of $ 100,000.
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