(MENAFN - NewsIn.Asia)
By P.K.Balachandran
Colombo, February 18: The Indian High Commission said here on Thursday, that the Sri Lankan Minister for Energy, Udaya Gammanpila, had not said that the 2017 MoU on the oil tanks in Trincomalee would be scrapped, and that in the Indo-Lankan Joint Venture (JV) to be formed to develop and run the tanks, the Ceylon Petroleum Corporation (CPC) would hold a majority stake.
A press note from the High Commission said: There is no truth in reports in some sections of the media that the understanding between India and Sri Lanka on jointly developing and operating the Upper Tank Farm at Trincomalee has been scrapped.
The Indian High Commission here has rejected Sri Lankan energy minister s claim that the deal between the two countries on the 99 World War II-era Trincomalee oil tanks leased to the Indian Oil Corporation has been scrapped. In a statement, the mission said, there is no truth in reports in some sections of the media that the understanding between India and Sri Lanka on jointly developing and operating the Upper Tank Farm at Trincomalee has been scrapped. Energy Minister Udaya Gammanpila announced on Wednesday that Sri Lanka will re-acquire 99 World War II-era oil storage tanks leased to IOC in the eastern port district of Trincomalee.
No Truth : India Refutes Lanka s Claim On Reacquiring Leased Oil Tanks No Truth : India Refutes Lanka s Claim On Reacquiring Leased Oil Tanks Energy Minister Udaya Gammanpila announced on Wednesday that Sri Lanka will re-acquire 99 World War II-era oil storage tanks leased to IOC in the eastern port district of Trincomalee.
Sri Lanka in 2003 had leased out 99 oil tanks to the IOC for 30 years. (File)
Colombo:
The Indian High Commission here has rejected Sri Lankan energy minister s claim that the deal between the two countries on the 99 World War II-era Trincomalee oil tanks leased to the Indian Oil Corporation has been scrapped.
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