- Last Update 2026-04-04 19:34:00
India refutes reports of joint venture to develop Trinco oil tank farm ‘scrapped’
India refuted media reports suggesting a joint venture to develop Trinco oil tank farm has been ‘scrapped’, a statement from the Indian High Commission in Colombo said.
“There is no truth in reports in some sections of the media that the understanding between India and Sri Lanka on jointly developing and operating the Upper Tank Farm at Trincomalee has been ‘scrapped’,”
The High Commission also noted that these reports did not correctly portray remarks made by the Minister of Energy of Sri Lanka at an event on Wednesday. The Minister has himself clarified the matter in detail today through a press briefing.
As indicated in the Minister’s briefing also, the two Governments have consulted each other to explore mutually acceptable modalities for jointly developing and operating the facility in accordance with existing bilateral understandings, including the MoU of 2017, the statement said.
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