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Talk to India about buying Trinco oil tanks, says IOC
View(s):The Government will go ahead with acquiring three of the oil tanks at the Trincomalee Oil Tank Farm in China Bay in keeping with a recent Cabinet decision, Minister of Petroleum Resources Chandima Weerakkody said.
He said the decision to acquire the tanks was taken to obtain additional diesel and fuel oil stocks which will be needed with the impending drought.
“The Cabinet decision was based on a national requirement and we have informed Indian Oil Company (IOC) of this decision in writing. We do not want a dispute with a neighbouring country but a company has no right to interfere with a Cabinet decision,” he said.
He said CPC officials would visit the tank farm next week to inspect the tanks.
Meanwhile Lanka IOC Managing Director Shyam Bohra said an agreement had been reached between the two governments and if Sri Lanka wants to acquire any of the tanks, they would have to negotiate with the Indian government.