Connect with us

News

Energy Minister claims successful conclusion of discussions with Indians

Published

on

Trinco Bunkering now given to IOC – FSP

Trinco oil tank farm

 

By Rathindra Kuruwita

Energy Minister Udaya Gammanpila yesterday said that discussions with India on regaining the control of the Trincomalee oil tank farm had concluded successfully and that 14 oil tanks in the Trincomalee oil tank farm would be leased to the LIOC for another 50 years. Gammanpila added that LIOC had been controlling the tank farm since 2003.

Twenty four oil tanks would be given to CPC and the remaining 61 managed by Trinco Petroleum Terminals Ltd., a joint venture between LIOC and CPC, Gammanpila said.

“We have regained control of the Trinco oil tank farm. This is a historic victory. Trinco Petroleum Terminals Ltd. will be run by us. COPE and Parliament has control over it,” he said.

However, the Education Secretary of the Frontline Socialist Party (FSP), Pubudu Jayagoda said that the government had agreed to sell the bunkering operations at Trincomalee to IOC. The government was to sign two agreements with India, he said.

“One is the agreement to hand over to India 14 oil tanks that the IOC is using, the pipelines used to carry fuel and the bunkering operation. IOC will get these infrastructure for 50 years, and the government will lose a lot of foreign revenue as it loses the bunkering operation,” he said.

According to Jayagoda, the second agreement will be on the establishment of Trinco Petroleum Terminals Ltd., a joint venture between LIOC and CPC. Commenting on Minister Gammanpila’s claim that most of the Directors of the Company would be appointed by CPC and that 51% of shares would be owned by the CPC, Jayagoda said that the agreement was similar to the one signed with New Fortress Energy.

“We only sold 40% of the Kerawalapitiya Power Plant shares to New Fortress Energy, but they still control the entire operational aspect of the power plant. Likewise, although IOC only owns 49% of Trinco Petroleum Terminals, they are in charge of the operations. We have given them the best tanks, situated at the lower levels of the tank farm, and the pipelines that transports oil. So they are in control of the tank farm,” he said.

The FSP Education Secretary also asked whether Minister Gammanpila would reveal the specifics of the 24 tanks that have been earmarked for CPC. There were about 20 tanks that couldn’t be used and it was likely that those tanks will be given back to the CPC, he said.

“Minister Gammanpila says that these agreements are a great victory because the Sri Lankan flag will be displayed in the tank farm. This is akin to selling your house because you have no money, and claim that the new owners have agreed to display the portrait of your grandmother in the living room. We have agreed to sign a disastrous agreement with India because of our forex crisis and soon they will have a land at a strategic location in the country,” he said.

Jayagoda also alleged that the Minister had also made a number of false statements about the previous agreements on the tank farm. Despite the Minister’s claims, there was no formal agreement to hand over 14 tanks to India in 2003, he said. An MoU was signed and but a formal agreement was never executed.

“So, IOC was holding these tanks illegally. However, when this agreement is signed it will formally have these tanks. The Minister also claims that the 1987 Indo-Sri Lanka accord earmarked these tanks for Indian use. However, the agreement only states that if we develop these tanks with a foreign partner that partner will have to be India. So Gammanpila is bending facts,” he said.



Continue Reading
Click to comment

Leave a Reply

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

Foreign News

Israeli cabinet approves Gaza ceasefire deal with Hamas

Published

on

By

Benjamin Netanyahu’s cabinet has approved a deal with Hamas for a ceasefire in Gaza after more than 460 days of war in which Israeli forces have killed more than 46,788 Palestinians and wounded 110,453.

The deal, which was approved in the early hours of Saturday morning and is expected to take effect from Sunday, involves the exchange of captives held in Gaza for Palestinian prisoners held in Israeli jails, after which the terms of a permanent end to the war will be finalised.

With longstanding divisions apparent among ministers, Israel delayed key meetings of its security cabinet and cabinet, which were supposed to vote on Thursday, blaming Hamas for the hold-up.

Netanyahu’s office had claimed that Hamas reneged on key parts of the agreement to obtain last-minute concessions. But Hamas senior official Izzat al-Risheq insisted that the group remained committed to the ceasefire deal.

Hamas said in a statement earlier on Friday that obstacles that arose in relation to the terms of the Gaza ceasefire agreement had been resolved at dawn that day.

Netanyahu’s office said Hamas would start freeing captives “as early as Sunday” providing the deal was given a go-ahead by the Israeli cabinet.

The ceasefire agreement was announced by mediators Qatar, Egypt and the United States on Wednesday. The deal outlines a six-week initial ceasefire, the gradual withdrawal of Israeli forces from many areas of Gaza and a surge in humanitarian aid.

[Aljazeera]

Continue Reading

News

Experts frown on govt. move to release rice stocks during harvesting period

Published

on

Prof. Marambe

By Nimal Gunathilake

Agricultural experts have expressed concern about the government’s decision to release rice stocks purchased and stored at lower prices to the market as such action could lead to a significant drop in rice prices during the 2024/25 Maha harvesting season.

Professor Buddhi Marambe, from the Department of Crop Science at the Faculty of Agriculture, University of Peradeniya, has criticised the move, noting the government’s earlier claims that previous administrations had failed to store even a grain of rice. He expressed surprise that tenders had been called to sell 119,000 metric tonnes of Keeri Samba rice under such circumstances.

Prof. Marambe has warned that the release of rice at reduced prices will allow mill owners, traders, intermediaries to suppress rice prices during the Maha season. He has pointed out that the extent of damage to rice cultivation caused by heavy rains and flooding has not been fully assessed.

Professor Marambe has highlighted that an accurate evaluation of the damage to rice cultivation is still pending, but it is estimated that at least 50,000 hectares of farmland have been affected. As a result, he projected that Sri Lanka could lose between 250,000 and 360,000 metric tonnes of rice.

The government has acknowledged a rice shortage and imported over 170,000 metric tonnes of rice through public and private sector collaboration. However, a solution to the scarcity of Rathu Kekulu rice has yet to be identified.

Continue Reading

News

NPP MP Selvaraj vows to end parochial aid distribution on estates by regional parties

Published

on

Selvaraj

There are some tea estates where the workers do not have access to clean drinking water, National People’s Power (NPP) MP Kitnan Selvaraj has said.

He said that instead of addressing the common issues faced by the estate workers, regional political parties have been distributing local and foreign aid and assistance among their political supporters.

“Everyone knows that several foreign countries and multilateral organisations provide aid to the estates. When it comes to housing for example, instead of choosing those who are most needy, they have chosen their henchmen,” he said.

Moreover, leaders of regional political parties have occupied some bungalows in state owned estates. “We have removed some of them already, and we will get rid of all of them soon,” he said.

Selvaraj said the NPP is discussing what future housing for estate workers should look like. “We have not come to a decision yet. However, I think that if we can build vertically, we can save space and keep building for future generations. We don’t necessarily have to hold on to the earlier way of life, or living, for estate workers,” he said.

Continue Reading

Trending