India and Sri Lanka are to jointly manage 30 oil tanks in Trincomalee, the Sri Lankan petroleum minister Chandima Weerakkody was quoted by The Hindu as saying.
Mr Weerakoddy is to hold meetings with his counterpart in New Delhi regarding the joint venture which will involve the Indian Oil Cooperation subsidiary, Lanka IOC and Ceylon Petroleum Cooperation.
“It’s the starting point for developing the regional hub,” Mr Weerakoddy reportedly added.
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