Economy

India, Sri Lanka, UAE renew push on Trincomalee Oil Hub

Published

on

Indian officials called for the swift implementation of a proposed regional energy hub in Sri Lanka at the start of bilateral talks in Colombo.

The planned oil hub in the northeastern port of Trincomalee featured in a meeting with Sri Lankan President Anura Kumara Dissanayake, India’s visiting Foreign Secretary Vikram Misri told reporters.

The project, which also involves the United Arab Emirates, has been under discussion since 2023, he added.

“There is no further time to lose in making progress on strategic projects such as these,” said Misri, who is visiting the Sri Lankan capital along with India’s Vice President C.P. Radhakrishnan.

Sri Lanka, India and the UAE signed an agreement a year ago, following two years of talks, to set up a multi-product oil pipeline connecting the two South Asian neighbours and to establish the Trincomalee oil storage complex.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version