Trinco oil tank farm: Agreement between Sri Lanka
2021-2-20 · In 2003, Sri Lanka leased out 99 oil tanks to IOC for 35 years, for an annual payment of $1,00,000. Lanka IOC has been using 15 tanks, while the rest await an upgrade for use. In 2017 on development cooperation, India and Sri Lanka agreed to jointly [with LIOC involvement] refurbish 84 tanks and build related infrastructure in the Trincomalee Port.
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