India’s Petroleum Ministry Secretary, IOC Chairman expected in Colombo today

24 March 2023 07:46 am Views - {{hitsCtrl.values.hits}} 5 Bookmark

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Secretary to India’s Ministry of Petroleum and Natural Gas Pankaj Jain and IndianOil Corporation Ltd. Chairman Shirkant Madhav Vaidya are expected to arrive in Sri Lanka today for a brief visit, Mirror Business learns.

During their visit, they are scheduled to hold discussions with President Ranil Wickremesinghe and visit the Trincomalee oil tank farm.

IndianOil Corporation, which is a Fortune ‘Global 500’ company controlled by the Indian government, is the parent company of Lanka IOC PLC.

IndianOil Corporation’s operations are overseen by the Ministry of Petroleum and Natural Gas.

Early part of last year, Lanka IOC PLC and state-run Ceylon Petroleum Corporation formed a joint venture called Trinco Petroleum Terminal Ltd. to develop the World War II era tank farm. Lanka IOC is also the smaller, private sector party in Sri Lanka’s fuel distribution duopoly. The company recently received the approval from the Sri Lankan government to expand its network with 50 more filling stations.

Comments - 5

Jude Friday, 24 March 2023 09:23 AM

We should get some free fuel from India yeah time to time India getting free fuel from Russia!! We like to enjoy piece of that action!!

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Quolp Friday, 24 March 2023 12:58 PM

Another IMF condition in SELLING process of SRI LANKA to India has began right now.

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Niroshan Silva Friday, 24 March 2023 08:32 PM

Well done now Sri Lanka is in the correct track to be a developed country.

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Quolp Friday, 24 March 2023 01:05 PM

It is a grave OFFENSE without the mandate of the people of Sri Lanka to SELL-OUT profit making asset of Sri Lanka to India in an illegal manner.

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Sivalingam Saturday, 25 March 2023 02:28 AM

SL could end up Indian and Chinese colony. North to India and South to China.

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