Lanka Indian Oil Company (LIOC), in collaboration with the Ceylon Petroleum Corporation (CPC), is set to develop 61 tanks at ...

Ever since the NPP’s ascension to power, a number of their policy decisions reflect a diametric departure from the views they expressed while they were in the Opposition. The striking changeover has ...

Hot on the heels of signing an agreement with China’s Sinopec for an oil refinery in Hambantota, the government is planning ...

Ltd which is a joint venture company established under the Ministry of Power and Energy to develop the Trincomalee Oil Tank Farm as a source of earning foreign exchange, the Ministry of Energy said.

A protest was staged by Public Service’s Samagi Trade Union Federation today (December 29) against the agreement to be inked between Sri Lanka and India for the joint development of Trincomalee oil ...

ECONOMYNEXT – Sri Lanka will continue a joint venture with India to develop Trincomalee Oil Tank farm aiming to earn more foreign exchange to the country, Energy Minister Kumara Jayakady said.

President Anura Kumara Disanayake’s ruling National People’s Power (NPP) has opposed Trincomalee oil tank farm joint venture deal with India citing it was bad for the country. However, after ...

Sri Lanka plans to further lease out the 14 Lanka IOC-operated oil tanks at the Trincomalee Oil Tank Farm to the same company for 50 more years, Energy Minister Udaya Gammanpila says. The lawmaker’s ...

President Sirisena waged a rearguard action, making only the most minimal concessions even on the Trincomalee oil tank farm despite requests from Prime Minister Modi. Reappointed PM and then President ...

Indian Oil Corporation (IOC ... a Subsidiary of IndianOil in Sri Lanka on January 6, 2022 for Trincomalee Tank Farm along-with the Modalities & JV agreements. It commissioned a 5 TPD cattle ...