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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 19:40 by ruwan326

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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 17:10 by ruwan326

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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat 18 May 2019 - 21:10 by serene

» Thread for News on CSE and SL Economy
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat 18 May 2019 - 15:19 by ruwan326

» සදහම් අටුවාව
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat 18 May 2019 - 8:22 by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 17 May 2019 - 23:24 by dhanurrox

» Re: Financial reports Q1-2019
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 17 May 2019 - 21:23 by dhanurrox

» Sri Lanka mulls 25-pct ownership limit in finance companies
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 17 May 2019 - 17:10 by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 17 May 2019 - 16:13 by Backstage

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu 16 May 2019 - 21:30 by hammurabi

» Dividend Announcement
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed 15 May 2019 - 20:12 by Rana

» Israeli spyware breached WhatsApp security
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed 15 May 2019 - 9:17 by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed 15 May 2019 - 9:00 by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 14 May 2019 - 13:19 by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 10 May 2019 - 20:45 by Backstage

» NEST.N0000
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu 9 May 2019 - 21:24 by ruwan326

» What to Analyse
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu 9 May 2019 - 19:23 by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed 8 May 2019 - 19:13 by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
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» In the Meantime, Within Our Shores !
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» Thread for News on Local and Foreign Politics
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 26 Apr 2019 - 9:48 by කිත්සිරි ද සිල්වා

» how to access internet ?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 26 Apr 2019 - 9:25 by කිත්සිරි ද සිල්වා

» SERV - The Kingsbury
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu 25 Apr 2019 - 10:56 by ruwan326

» Lessons from movies
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 23 Apr 2019 - 9:56 by කිත්සිරි ද සිල්වා

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» Happy Birthday
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun 21 Apr 2019 - 21:43 by Rana

» Little Known Facts !
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun 21 Apr 2019 - 10:57 by කිත්සිරි ද සිල්වා

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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat 20 Apr 2019 - 11:37 by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu 18 Apr 2019 - 19:35 by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu 18 Apr 2019 - 19:32 by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed 17 Apr 2019 - 20:03 by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 12 Apr 2019 - 10:25 by yellow knife

» East West properties
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 12 Apr 2019 - 6:57 by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 9 Apr 2019 - 21:34 by NIRMALSG

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» CONN.N0000
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun 7 Apr 2019 - 16:45 by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun 7 Apr 2019 - 10:22 by ruwan326

»  5000 Post Milestone - Congratulations
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 5 Apr 2019 - 22:37 by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 5 Apr 2019 - 15:07 by Ethical Trader

» Micro Finance
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 5 Apr 2019 - 13:44 by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri 5 Apr 2019 - 9:10 by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
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» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed 3 Apr 2019 - 17:10 by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 2 Apr 2019 - 14:08 by malanp

» Sinhala Cinema
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 2 Apr 2019 - 14:01 by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 2 Apr 2019 - 12:53 by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 2 Apr 2019 - 12:45 by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue 2 Apr 2019 - 12:41 by Backstage

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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks

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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks Empty Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks

Post by The Invisible on Thu 18 Oct 2018 - 9:16

ECONOMYNEXT – Sri Lanka’s state-owned petroleum refiner and retailer will jointly develop an unused oil tank farm in the eastern port of Trincomalee with Indian Oil Corporation’s local unit, Minister of Petroleum Resources Development Arjuna Ranatunga said.

Lanka Indian Oil Corp. (LIOC), which is listed on the Colombo bourse, has leased part of the tank farm with up to 99 tanks under an agreement between the two governments in 2003, he told a news conference.

But apart from 15 tanks used by LIOC, the other tanks remained unused for the last 15 years.

Ranatunga said he would like to have a joint venture between LIOC and Ceylon Petroleum Corporation (CPC) to repair and make use of the tank farm.

The Cabinet of ministers has approved his proposal for the joint venture, he said.

Ranatunga said he proposed Sri Lanka retain ownership of the land but hand over to LIOC 15 tanks now used by the firm and sign a deal to joint develop the remaining 85 tanks.

Under the deal, 16 tanks would be for the CPC’s use.

“The CPC aims to use the tanks to provide bunkering for ships and to store and distribute refined petroleum products in the north-east which is now supplied from Colombo which is more costly,” Ranatunga said.
(COLOMBO, 17 Octber, 2018)
The Invisible
The Invisible

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