Sri Lanka refinery in Trincomallee discussed with IndiaSri Lanka President presents 2025 targetsSri Lanka 2023 budget aims creating modern economy targeting youthSri Lanka to reform labour laws: President in budget 2023 | Sinhala News

Sri lanka News – Setting up a refinery at Sri Lanka’s Trincomalee Port has been under discussion Managing Director of Lanka India Oil Corporation, Manoj Gupta said.

Publicly traded Lanka IOC, a unit of Indian Oil Corporation and state-run Ceylon Petroleum Corporation own 49/51 percent stakes in Trinco Petroleum Terminal Ltd, which control 51 tanks in a World War Ii era tank farm by the Trincomallee Port.

“It is a discussion that is taken up at very high levels. Some time back a feasibility study was also carried out.”

Tricomallee is the second largest non-tidal natural harbhour in the world, with the potential of becoming an energy hub.

The immediate focus was to refurbish 10 tanks and build pipelines in a 20 million dollar project, Gupta told a Colombo International Martime and Logistics Conference.

The balance would 51 tanks would be refurbished in a later 50 million US dollar. (Colombo/Nov12/2022)

( Information from was used in this report. To Read More, click here | Also if you have any problem of this article or if you need to remove this articles, please email here and we will delete this immediately. [email protected] or [email protected] )

Leave a Comment

Share to...