Agreement to develop the Trinco oil tank farm signed among CPC, LIOC & Trinco Petroleum Terminal (Pvt) Ltd tabled in Parliament by Udaya Gammanpila, Minister of Energy.

The agreement to establish a joint company to manage 61 oil tanks in Trincomalee through “Trinco Petroleum Terminals Ltd,” under a 51% ownership to CPC and 49% ownership to LIOC was signed on January 6. 85 of 99 tanks will be under Sri Lankan control which were under Indian control.