FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOFC Future
by rukshan1234 Today at 1:51 am

» Buy lofc tomorrow - Maharaja
by Dasun Maduwantha Today at 12:32 am

» SGH buys EXPO from retailers
by blindhog Yesterday at 11:04 pm

» LOLC FINANCE PLC (LOFC.N0000)
by Surajmp Yesterday at 8:44 pm

» L G I L - Maharaja special
by Chula Yesterday at 8:13 pm

» HAYLEYS PLC (HAYL.N0000)
by cseboss Yesterday at 11:34 am

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Tue Aug 09, 2022 3:48 pm

» AAIC 100 = SCAP 16
by Equity Win Tue Aug 09, 2022 2:11 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Tue Aug 09, 2022 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Tue Aug 09, 2022 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Tue Aug 09, 2022 11:15 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Mon Aug 08, 2022 1:43 pm

» LIOC ....Get in soon
by samaritan Mon Aug 08, 2022 11:49 am

» Sinopec likely to enter Lankan fuel market
by samaritan Mon Aug 08, 2022 9:41 am

» RW - Rescue Warrior of Sri Lanka's Economy
by reyaz Mon Aug 08, 2022 8:17 am

» Should Central bank increase Interest rates?
by reyaz Mon Aug 08, 2022 7:52 am

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by sheildskye Sun Aug 07, 2022 12:05 pm

» Day Trader may find a stock attractive if it moves a lot during the day. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 06, 2022 11:54 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka in talks to take back oil tanks leased to India

Sri Lanka in talks to take back oil tanks leased to India

4 posters

Go down  Message [Page 1 of 1]

K.Haputantri

K.Haputantri
Co-Admin

Sri Lanka in talks to take back oil tanks leased to India 1840553082oil3

Sri Lanka in talks to take back oil tanks leased to India
December 21, 2013  11:42 am


Ada Derana

Sri Lanka today said it is mulling to take back some 99 strategic oil storage tanks leased to the Indian Oil Company’s local unit Lanka IOC in the eastern port district of Trincomalee in 2002.

Accusing the main opposition United National Party (UNP) of privatising state-owned enterprises during their rule, President Mahinda Rajapaksa told parliament that his government was bent on preserving the state enterprises under state control. “Our oil storage tanks located in Trincomalee were privatised. We are currently having talks to take them back (under state control)”, Rajapaksa told parliament during his 2104 budget speech in his capacity as the Minister of Finance.

Some 99 oil storage tanks were leased to the Indian Oil Company’s local unit Lanka IOC in 2002 by the then government headed by Ranil Wickramnesinghe, the current leader of the main opposition UNP.

The state oil entity Ceylon Petroleum Corporation (CPC) entered an MoU with Lanka IOC to grant a long-term lease for operating the storage tanks at Trincomalee for 35 years for an annual fee of USD 100,000.

Sri Lanka in March announced that it planned to take back tanks that were not being used by the Lanka IOC. The move was seen as an immediate fall out from India voting against Sri Lanka at the UN Human Rights Council on rights accountability.

“If they are not using the tanks, we can use them,” government spokesman and Minister Keheliya Rambukwella told reporters in March.

He denied any links between the Colombo’s decision to ask the oil tanks back under its control and the India’s vote against Sri Lanka.

Since then, the decision by Prime Minister Manmohan Singh to skip the CHOGM summit held here last month has added to the uneasiness in the relationship across the Palk Strait. - PTI

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

India is in boiled water at the moment. They are antagonizing GOSL. Ruling party loosing elections @ rural levels. More to and sold to the wound their "Best Friend" US ridiculing their diplomats. Will see what India would do.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Dirty politics always mingled with dirty tricks & end with dirty stains. It is a common rule.
India had simply ignored the multiple cultural ties between two countries existed over millennium. Indian expansionism & submerging small nations around the sub continent is still in their priority list as opined by Neru dynasty, just after the independence. In the past, certain family ties sustained the close relationships between India & Sri Lanka.
Being the major economic partners, India has to bow to the west in order to protect the superiority over the emerging countries in Asia.

Hawk Eye

Hawk Eye
Expert
Expert

Bad for LIOC share?

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum