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Private tanker owners warn of derailing fuel distribution operations

Sri Lanka and India will jointly develop Trincomalee oil tank farm – Minister

He also said that excavation work will begin on available gas reserves in Mannar. “The gas reserves are sufficient to operate a 1,000 MW power plant for 30 years”, the Minister told Wednesday’s ceremony to hand over the keys of 125 housing units built by Ceylon Petroleum Storage Terminals Limited (CPSTL) to families displaced by the laying of the proposed oil pipeline connecting Kolonnawa to the Colombo port. The event was held under the patronage of Prime Minister Mahinda Rajapaksa. Continuing, the Minister said that three more new oil refineries will be built in Sapugaskanda, Trincomalee and Hambantota. “Though we turn to the world for financial assistance, Sri Lanka, as a country, has enormous natural resources, which can be utilized for the country’s prosperity, he remarked.

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