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India extends USD 500 million credit line to Sri Lanka for purchasing fuel
Feb. 4, 2022
Source: Energy World

India extends USD 500 million credit line to Sri Lanka for purchasing fuel

India's support for fuel imports by Sri Lanka from India was in response to an urgent requirement. Colombo: India on Wednesday extended a USD 500 Million credit line to Sri Lanka to fund the country's fuel purchases,

India-Sri Lankan Deal on Oil Tanks hailed as ‘historic’
Jan. 10, 2022
Source: Daily News

India-Sri Lankan Deal on Oil Tanks hailed as ‘historic’

Sri Lanka and India on Thursday signed a fresh agreement on the 99 giant oil tanks in Trincomalee to supersede the controversial one signed 19 years ago in 2003. Through the new agreement, 85 of the 99 tanks will be under the control of Sri Lanka, either directly or indirectly, the latter being through a joint venture with India in which Sri Lanka will have a 51% share. Each tank can hold 12,000 mt of oil. The Sri Lankan Energy Minister Udaya Gammanpila described the new agreement as “historic” and the Indian High Commission tweeted to say that it is “a milestone in India-Sri Lanka economic and energy partnership.” The High Commission’s tweet further said: “Congratulations to all parties on signing the Agreement to develop Trincomalee Oil Tank Farm. Sincerely appreciate the guidance from leadership of India and Lanka and support from all Ministers and officials concerned.”

Tanker with 2 million barrels of oil catches fire
Sept. 5, 2020
Source: Energy Voice

Tanker with 2 million barrels of oil catches fire

A supertanker carrying about 2 million barrels of oil caught fire in the Indian Ocean off the east coast of Sri Lanka. The tanker was sailing towards India’s Paradip refinery when it caught fire. One of the 23 crew members is found missing and one injured. The navy personnel at the scene have reported that fire was under control.

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