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» "පියසේනට දැං සනීපයි..."
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyToday at 5:00 pm by Ethical Trader

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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyToday at 4:52 pm by Ethical Trader

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» CFVF - First Capital
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyToday at 7:43 am by serene

» Thread for News on CSE and SL Economy
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» විද්‍යාව මිස්ගේ පාඩම...
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyYesterday at 7:27 am by sanjulanka

» Trading Journal
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
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» What to Analyse
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» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks EmptyTue Jun 11, 2019 9:15 pm by ruwan326

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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 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
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