Govt. to sign Trincomalee oil tank farm deal with India next month

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 said. Meanwhile, 61 other tanks are expected to be developed by the newly-established Trinco Petroleum Terminals Limited and Lanka IOC as a joint venture, the minister revealed.