Page 17 - சிஇஒய்எல்ஓஎன் பெட்ரோலியம் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Sri Lanka To Re-Acquire 99 Oil Tanks Leased To Indian Oil: Minister
ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
Sri Lanka to re-acquire Trincomalee port oil tanks leased out to Indian Oil Corporation: Minister
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
(MENAFN - NewsIn.Asia)
By P.K. Balachandran/newsin.asia
Colombo, February 17: Sri Lanka s Energy Minister, Udaya Gammanpila, claimed on Wednesday that the Indian High Commissioner, Gopal Baglay, has agreed that a Joint Venture should be established to manage all the 84 oil tanks in Trincomalee and that the Ceylon Petroleum Corporation (CPC) should be the majority shareholder with the Lanka Indian Oil Corporation (LIOC) as the other shareholder. We were able to discuss and resolve all the issues with the Indian High Commissioner, Gammanpila said. He commended High Commissioner Baglay for being flexible and putting aside the conditions set in the agreement signed in 2017.
CPC Mulls Bunker Move
Thursday February 4, 2021 The Sri Lankan state-controlled oil firm is considering a return to the local bunker business.
Ceylon Petroleum Corporation (CPC) has not been actively involved in the local fuel oil and bunkering sector since the early noughties as bunkering was outsourced to CPC-affliate
Lanka Maritime Services. But according to local website adaderana.lk, the government has approved a proposal for the state oil firm to restart bunkering operations. Swaying ministers in favour of the move is CPC s ability to import fuel oil in bulk at favourable prices, the report said. Following a long period of China-funded development at the Sri Lankan port of
Cabinet Decisions
dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.