Chinabay oil tank farm modernization to begin

[TamilNet, Friday, 30 May 2003, 00:15 GMT]
Indian Minister of Petroleum and Natural Gas Mr. Ram Naik Thursday unveiled the foundation stone laid for the modernization of oil tank farm at Chinabay in Trincomalee, which is to be implemented at a cost of three hundred million Sri Lankan rupees. The event took place in the Chinabay Petroleum Corporation complex.

Indian High Commissioner in Sri Lanka Mr. Nirupam Sen, Secretary to the Indian Ministry of Petroleum and Natural Gas Mr.B.K.Chaturvedi, the Chairman of the Indian Oil Corporation Mr.S. Ramachandran and the Chairman of the newly incorporated Lanka Indian Oil Corporation Mr.N.K.Nayyar and several other officials attended the event, sources said.

Chinabay oil tank farm

Trincomalee district parliamentarians Mr.R.Sampanthan and M.K.A.De S Gunawardene also participated at the event.

Minister Mr. Ram Naik addressing the gathering said, "The newly formed Lanka Indian Oil Corporation (Lanka IOC) has elaborate plans to modernize the facilities including the safety systems in Trincomalee where only 15 of the 99 tanks are operational today.

"The first phase of the refurbishment at an investment of SL Rs. 190 million (Indian Rs 100 million, US $1.9m) will be completed by December 2003. This tank farm will be put to optimum utilization. The total cost of upgradation will be SL Rs. 3000 million (Indian Rs. 160 million, US $30m).

Chinabay oil tank farm

"The Lanka IOC has been entrusted with the Trincomalee oil tank farm on term lease for its use and upgradation. Lanka IOC as a wholly owned subsidiary of Indian Oil was incorporated to bring world-class products and services to the people of Sri Lanka.

"I am extremely happy to be here in this historic place of Trincomalee. It has been playing a pivotal role in the maritime operations, being one of the finest natural harbours," said Minister Mr. Ram Naik.

Indian High Commissioner in Colombo Mr. Nirupam Sen, Indian Petroleum and Natural gas Ministry Secretary Mr.B.K.Chaturvedi and others also spoke.


Latest 15 Reports
18.01.21 23:44   Photo
Tamil activists resisted three sources of outside influence while drafting demands to UNHRC
16.01.21 11:03  
Tamil national parties demand UN to inquire into crime of genocide and set up IIIM
09.01.21 09:37   Photo
Demolition of Tamil genocide monument, fourth emblematic trauma since 1974: Rev Fr Sakthivel
08.01.21 23:51   Photo
Colombo destroys Mu'l'livaaykkaal memorial monument at Jaffna University
07.01.21 11:22   Photo
With emphasis on genocide, Suresh calls for ICC-referral, IIIM and referendum
07.01.21 00:04   Photo
Boyle prefers IIIM demand over ICC-referral, says specific reference to genocide essential
06.01.21 14:26  
Indian Minister of External Affairs Jaishankar trades off Tamils’ sovereign rights
05.01.21 07:08  
TNPF's reluctance, NGO-meddling pose challenges to formulating joint Tamil demands to UN: Shivaji
06.12.20 15:44   Photo
Colombo’s brutal suppression of Tamil Heroes’ Day counter-productive to stated objectives: Tamil MP
27.11.20 16:44   Photo
Occupied Tamil Eelam marks Heroes' Day indoors, SL military detains seminary principal
16.11.20 18:45  
China launches world’s biggest regional trade agreement without Indian participation
31.10.20 10:58  
Tamils risk Kashmir-like status revocation if Gota continues Trinco military cooperation with US
06.10.20 11:40  
Poet Pulamaipithan who championed Tamil Eelam solidarity in Tamil Nadu turns 85
28.09.20 23:19   Photo
Muslims join Tamils opposing Colombo's suppression of Thileepan Remembrance in North
27.09.20 12:05   Photo
Tamils unify to mark Thileepan Remembrance, brave Colombo's suppression of memorialisation
Find this article at: