IOC proposes oil distribution pipeline connecting India-SL

Friday, 14 July 2023 02:45 - - {{hitsCtrl.values.hits}}

Power and Energy Minister Kanchana Wijesekera announced yesterday that discussions were held regarding a proposal by the Indian Oil Corporation (IOC) for an oil distribution pipeline that would connect Nagapattinam, Trincomalee and Colombo.

“In the meeting, I requested the IOC to consider a two-way oil and gas pipeline that aligns with the Government’s development plan for the Trinco tank farm and energy hub. This proposal takes into account future refinery developments, oil and gas exploration, pipeline connections to domestic LPG terminals, and aims to target regional oil and gas export markets while meeting the energy requirements of both countries,” he Tweeted yesterday.

Minister Wijesekera said before finalising the project scope for approval, the feasibility and technical requirements of the project will be thoroughly assessed.

As per the Minister, the meeting was attended by officials from the Indian High Commission, Power and Energy Ministry, Ceylon Petroleum Corporation (CPC), Ceylon Petroleum Storage Terminals Limited (CPSTL), Petroleum Development Act Secretariat Limited (PDASL), Indian Oil Corporation (IOC), and Lanka Indian Oil Corporation (LIOC).

Minister Wijesekera said before finalising the project scope for approval, the feasibility and technical requirements of the project will be thoroughly assessed.

As per the Minister, the meeting was attended by officials from the Indian High Commission, Power and Energy Ministry, Ceylon Petroleum Corporation (CPC), Ceylon Petroleum Storage Terminals Limited (CPSTL), Petroleum Development Act Secretariat Limited (PDASL), Indian Oil Corporation (IOC), and Lanka Indian Oil Corporation (LIOC)