A discussion was held between India and Sri Lanka for a planned multi-product oil pipeline from Nagapattam, India to Trincomalee Tank Farm and Colombo in Sri Lanka at the India Energy Week held in Goa.
Feb 10, 2024
The Government of India through Indian Oil Corporation (IOC) has submitted a preliminary plan to Mr. Kanchana Wijesekera, Power & Energy Minister of Sri Lanka regarding a planned multi-product oil pipeline from Nagapattam, India to Trincomalee Tank Farm and Colombo in Sri Lanka. The preliminary talk between Mr. Wijesekera and the IOC officials was held at the India Energy Week, Goa. Prime Minister Shri Narendra Modi insisted on the necessity of further feasibility studies, including technical assessments, demand analysis, financial evaluations, and business model reviews, before making concrete decisions. The proposed pipeline could enhance Sri Lanka’s energy security and strengthen bilateral ties with India. Drawing attention to the previous collaboration between Ceylon Petroleum Storage Terminal Ltd. (CPSTL) and Lanka IOC (LIOC) in Trincomalee, Mr. Wijesekara said, “We also explored the potential for investments and expansion of joint ventures between the two nations.” The meeting was attended by the heads of IOC, LIOC, Ceylon Petroleum Corporation (CPC), and the Petroleum Development Act Secretariat Ltd. (PDASL).
