Govt to own Trinco Oil Tank Farm | Daily News

Govt to own Trinco Oil Tank Farm

Indo-Lanka talks on energy security:
Tank Farm has massive forex potential:

Prime Minister Mahinda Rajapaksa makes a symbolic presentation of a key to one of the 112 recipients of houses who were residing near the pipelines connecting the Colombo Port with the Ceylon Petroleum Corporation (CPC) Kolonnawa Storage Terminal yesterday. The recipients who had been living there for over 35 years, were granted houses under the Rs.500 million project. Picture courtesy Prime Minister’s Media Division  

The Oil Tank Farm in Trincomalee would be owned by the Sri Lankan Government soon, said Energy Minister and Co-Cabinet Spokesman Udaya Gammanpila yesterday.

He said that the Indian High Commissioner Gopal Baglay has agreed to grant them back to Sri Lanka during a discussion held on Sunday and it ended successfully, having addressed all the related issues.

He added that the Indian High Commissioner was very much flexible to agree with the proposals, leaving aside the clauses in the agreement that was inked in 2017 during the Good Governance Government tenure.

He made these observations at a ceremony where Prime Minister Mahinda Rajapaksa granted houses to 112 families who were the unauthorised dwellers on the pipelines connecting the Colombo Port to the Ceylon Petroleum Corporation (CPC) Kolonnawa storage terminal yesterday.

He also said that the oil tank farm that was not used since the Second World War would be owned by the country in the near future. He added that as most of the ships passing off Trincomalee are Indian owned, it was better to win their confidence to attract its market. Hence he said that the oil tank farms which were not utilized for 80 years would be used to earn massive amounts of foreign exchange along with the IOC company.

The Spokesperson of the Indian High Commission said that India and Sri Lanka have identified the energy partnership as one of the priority dimensions of cooperation. India is committed to working together with Sri Lanka for the island’s energy security.

In this context, consultation and discussions have been undertaken to promote mutually beneficial cooperation for development and operation of the Upper Oil Tank Farms in Trincomalee. India is looking forward in continuing the productive engagement with Sri Lanka in this regard.