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
04.02.24 15:40   Photo
சியோனிசம் காணும் தோல்வி ஈழத்தமிழருக்குப் பலன் தரவல்ல படிமை மாற்றத்தின் அறிகுறி
24.04.22 05:44  
தீவின் நெருக்கடிச் சூழலில் ஈழத்தமிழர் தேசம் கடைப்பிடிக்கவேண்டிய நிலைப்பாடுகள்
09.04.22 14:44   Photo
குறிதவறும் ஈழத்தமிழர் தலைமைகளுக்கு வரலாறு தருகின்ற எச்சரிக்கை
21.01.22 07:24   Photo
ஈழத்தமிழர் தேசத்தின் தலைமைத்துவம் தேர்தல் அரசியற் கட்சிகளுக்கு அப்பாலானது
02.11.21 15:32   Photo
13 ஆம் சட்டத்திருத்தத்தால் கட்டமைக்கப்பட்ட இன அழிப்பை எதிர்கொள்ள முடியுமா?
15.09.21 08:19  
English version not available
17.05.21 19:23   Photo
Ananthi blames war criminal Silva for blocking collective memorial at Mu'l'livaaykkaal
09.04.21 14:46  
English version not available
23.03.21 12:41   Photo
No focus on Tamil genocide, geopolitics gets played out in Geneva in favour of QUAD formation
21.03.21 13:34   Photo
Navi Pillay explains ‘human rights’ limitations in Geneva on Tamil genocide
15.03.21 20:36   Photo
Deceived Tamil activists in UK falsely claimed ‘substantial changes’ to Zero draft
09.03.21 21:34   Photo
UK repeatedly wronged Tamils says hunger-striker, demands genocide justice
26.02.21 11:53   Photo
Tamils witness false dilemma in Geneva as geopolitical formations pit against each other
19.02.21 14:02   Photo
UK not prepared to push for ICC option in new UNHRC Resolution
07.02.21 23:16   Photo
Unprecedented P2P uprising paves the way for rights-oriented politics of Tamils and Muslims
Find this article at: