Sri Lanka, India ink deal to jointly redevelop strategic World War II-era Trincomalee Oil Tank Complex

Sri Lanka on Thursday formally signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in the island nation’s eastern port district of Trincomalee. Energy Minister Udaya Gammanpila said that the agreement to develop the strategic Trincomalee Oil Tank Complex, commonly known as the Trinco Oil Tank Farm, was signed this evening.

He said the signatories were the Treasury Secretary for the Government of Sri Lanka, Land Commissioner General, Ceylon Petroleum Corporation, the local operators of the Indian Oil Company (LIOC) and the newly formed Trinco Petroleum Terminal Ltd.

Gammanpila stressed that 85 of the 99 tanks now will be under the Sri Lankan control which had previously remained under Indian control.