The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Dividend Announcement
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 9:43 pm by nihal123

» What Would You Do?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 10:13 am by Topcat

» අනං මනං! #/+?.<>
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 7:14 am by ruwan326

» Thread for News on Local and Foreign Politics
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 6:32 am by ruwan326

» Browns Investments update
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Aug 18, 2019 10:41 pm by lanka

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» Hayleys MGT
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Aug 16, 2019 8:55 pm by ruwan326

» CFVF - First Capital
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Aug 16, 2019 9:58 am by CK

» JINS.N0000 ( Janashakthi Insurance PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 14, 2019 4:57 pm by The Invisible

» Thread for News on CSE and SL Economy
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 14, 2019 9:22 am by The Invisible

» Ceylinco Insurance CINS
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 14, 2019 9:11 am by The Invisible

» Tourism Sector
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 14, 2019 4:55 am by NIRMALSG

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Aug 10, 2019 11:38 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Aug 10, 2019 10:42 am by The Invisible

» Nestle NEST
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Aug 10, 2019 10:28 am by The Invisible

» Ceylon Tobacco CTC
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Aug 10, 2019 10:26 am by The Invisible

» Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි.
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Aug 09, 2019 5:37 pm by කිත්සිරි ද සිල්වා

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Aug 09, 2019 5:07 pm by Ethical Trader

» VFIN - where the journey leads it?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Aug 09, 2019 9:21 am by ruwan326

» UAL.N0000 ( UNION ASSURANCE PLC )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Aug 09, 2019 9:20 am by ruwan326

» SPEN.N0000
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Aug 08, 2019 10:20 pm by The Invisible

» Lanka Tiles
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Aug 08, 2019 10:15 pm by The Invisible

» Expolanka
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Aug 08, 2019 8:28 pm by ruwan326

» Tile - Snapshot
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Aug 08, 2019 11:37 am by mymoney

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Aug 08, 2019 11:31 am by mymoney

» නිරුවත
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Aug 08, 2019 9:36 am by කිත්සිරි ද සිල්වා

» HAYC - Haycarb
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Aug 08, 2019 7:32 am by Beta

» WATA - Watawala
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 07, 2019 12:03 pm by lanka

» Chemanex
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Aug 07, 2019 6:40 am by The Invisible

» East West properties
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Aug 06, 2019 8:17 am by slstock

» CSE Market Wrap - 02.08.2019
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Aug 06, 2019 6:59 am by pjrngroup

» Kandy Hotels
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Aug 06, 2019 6:55 am by pjrngroup

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Aug 05, 2019 10:07 pm by The Invisible

» 1000 Post Club | Celebration of a Great Milestone
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Aug 05, 2019 6:25 pm by pathfinder

August 2019
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

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

Go down

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 Oct 18, 2018 7:46 am

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

Posts : 1167
Join date : 2016-11-28
Age : 39

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum