COLOMBO (News 1st); News of a hurriedly cobbled agreement between Sri Lanka and India to jointly redevelop a strategic oil terminal consisting of 99 large oil tanks, has raised a hornet’s nest in Sri Lanka.Energy Minister Udaya Gammanpilla confirmed earlier that the Cabinet of Ministers had approved the proposal and an agreement with India would be signed within the month.
The Oil Tank Farm, is situated adjacent to the Trincomalee Port, considered to be the preeminent natural harbour in the world.