Sri Lanka hardens stand on pact to lease oil storage to IOC

November 10, 2013
New Delhi, Nov 10: Hardening its stance, Sri Lanka has refused to sign a decade old agreement to lease the Trincomalee strategic oil storages to a unit of Indian Oil Corp (IOC) and is blocking the Indian firm's plans to set up a bitumen plant in the island nation.

srilankan

Hardening its stance, Sri Lanka has refused to sign a decade old agreement to lease the Trincomalee strategic oil storages to a unit of Indian Oil Corp (IOC) and is blocking the Indian firm's plans to set up a bitumen plant in the island nation.

In 2003, Lanka IOC - a subsidiary of state-owned IOC - bought one-third share in Ceylon Petroleum Storage Terminals Ltd which operates the China Bay tank farm. Ceylon Petroleum Corp (CPC) and Colombo entered into a MoU with Lanka IOC to grant a long-term lease to the Indian firm for operating the 99 storage tanks at Trincomalee for 35 years for an annual fee of USD 100,000.

However, the 35-year lease finalisation dragged on and now Colombo has reservations on leasing out 'state asset' to Lanka IOC, industry sources said.

Since commencing operations, Lanka IOC has invested close to USD 15 million at regular intervals in creating facilities like additional storage tanks, lube blending facilities and refurbishing of jetty.

It also wants to invest another USD 17 million in creating bitumen handling facilities at the tank farm and had applied to the Board of Investment (BOI) of Sri Lanka, they said adding BOI has told Lanka IOC that approval can be given only after settlement of lease issue.

Sources said with Sri Lanka government having reservations on leasing the facilities to Lanka IOC, the entire project is stuck.

Petroleum Secretary Vivek Rae has written to Foreign Secretary Sujatha Singh to take up the issue at the diplomatic level.

Lanka IOC, at the instance of Sri Lankan government, had in May submitted a proposal to operate the tank farms in a joint venture with CPC but there has been no response so far.

India voted against Sri Lanka in a US-sponsored resolution at the Human Rights Council in March, and has now downgraded its presence at the first multilateral CHOGM meeting in Colombo from the Prime Minister's level.

Right after the UN vote, the Sri Lankan government had announced it would renegotiate the tank farm agreement signed in 2003.

The China Bay tank farm, a World War II depot in Trincomalee, is the largest tank farm in South Asia and of great strategic value as it falls between the Middle East and Singapore.

Under privatisation, Colombo gave Lanka IOC the farm of 99 storage tanks, of which 15 are being used and two more are being refurbished at a cost of USD 17 million.

The 99 storage tanks and ancillary facilities are divided into 'upper' and 'lower' farms. The lower tank farm with 15 tanks is currently being utilised by Lanka IOC for storing and distribution of petroleum products. The upper tank farm consists of 84 tanks in an area of about 800 acres and is not being utilised presently except for storage of water in 4 tanks.

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Agencies
May 23,2020

New Delhi, May 23: India will try to restart a good percentage of international passenger flights before August, Civil Aviation Minister Hardeep Singh Puri said on Saturday, three days after announcing resumption of domestic flights from May 25.

All scheduled commercial passenger flights have been suspended in India since March 25 when the Modi government imposed a lockdown to contain the novel coronavirus pandemic.

"I am fully hopeful that before August or September, we will try to start a good percentage of international civil aviation operations, if not complete international operations," Puri said during a Facebook live session.

"I can't put a date on it (restarting international flights). But if somebody says can it be done by August or September, my response is why not earlier depending on what is the situation," he said.

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News Network
March 13,2020

New Delhi, Mar 13: Delhi's Tis Hazari Court on Friday sentenced expelled Bharatiya Janata Party (BJP) MLA Kuldeep Singh Sengar and six others to 10 years imprisonment for the death of Unnao rape survivor's father. Sengar is already serving life imprisonment for raping the minor.

While sentencing them, District Judge Dharmesh Sharma said, "There can be no denying that rule of law was broken. Sengar was a public functionary and had to maintain the rule of law. The way the crime has been committed, it does not call for leniency."

Sengar and his brother Atul has been directed to give 10 lakh compensation to family of the victim for loss of their father. "There are four minor children involved, three girls and one boy. They have also been uprooted from native place," the judge said.

Seven people, including Sengar, his brother and two police personnel, were held guilty for culpable homicide and criminal conspiracy, earlier this month.

The case pertains to the death of rape survivor's father in custody on April 9, 2018. It was alleged that he was assaulted following a quarrel with some of the accused in the case.

He was taken to the police station and then framed for allegedly possessing an illegal firearm. Pursuant to this, he was sent to custodial remand, during which he died.

The case was transferred to Delhi from a trial court in Uttar Pradesh on the Supreme Court's directions in August last year. Both the death and illegal firearm case was later clubbed by the court.

During the arguments on sentencing on March 12, Sengar had told the court that he should be "hanged and acid poured into his eyes if he has done anything wrong".

The former MLA had also raped the daughter of the deceased in 2017 in Uttar Pradesh's Unnao district and was sent to jail for "remainder of his natural biological life", last year.

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News Network
February 2,2020

New Delhi, Feb 2: The Congress on Sunday released its manifesto for Delhi polls, promising to implement unemployment allowance of Rs 5,000-7,500 per month and cashback schemes for water and power consumers, if voted to power.

Presenting the manifesto, Delhi Congress chief Subhash Chopra said the party will provide free power up to 300 unit per month.

The manifesto also committed to spend 25 per cent budget each year on fighting pollution and improving transport facilities.

An unemployment allowance of Rs 5,000 for graduates and Rs 7,500 for post graduates per month will be provided under the Yuva Swabhiman Yojna, he said.

The Congress will launch flagship cashback schemes for power and water supply to benefit consumers saving these resources. The party, if voted to power, will open 100 Indira Canteens to provide subsidised meals at Rs 15, Chopra said.

The Congress will challenge the Citizenship Amendment Act (CAA) in the Supreme Court and demand the Centre to withdraw the law. The party will also not implement the National Register of Citizens (NRC) and the existing form of the National Population Register (NPR), if voted to power in Delhi.

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