Posted on February 18th, 2021
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.”
(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.
LankaWeb – Lanka claims majority stake in Trincomalee oil tanks JV but India is non-committal lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.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.