Sri Lanka is looking at getting a USD 500 million fuel credit line from India even as both sides are eyeing to further expand energy cooper...

India on Thursday assured Sri Lanka of its support to tide over "difficult times" even as it welcomed the Trincomalee tank farms project sa...

The World War II-era oil storage facility, with a capacity of nearly 8 million barrels of oil, located in the strategically advantaged port...

According to the Indian High Commission, the LIOC briefed Foreign Secretary Shringla about the developments undertaken at the tank farm "an...

Gammanpila told a gathering at the Colombo north suburb of Kolonnawa that talks with the Indian High Commissioner in Colombo on this issue ...

SL finance minister said work to form a JV company to operate and manage oil storage tanks in Trincomalee under a 50-year lease agreement w...

Modi is scheduled to visit Sri Lanka on May 11-12 to take part in the UN ‘Vesak Day’ which commemorates the birth, enlightenment, and death...

Seeking to dispel concerns that his government is selling state assets to India, China, US and Japan, he said, "We are going to cater to th...

The Ceylon Petroleum Corporation Trade Union Collective has threatened to launch an indefinite strike from Monday midnight against Colombo’...

Ceylon Petroleum Corporation Trade Union Collective workers have threatened to cripple entire transportation sector in the country.

Wickremesinghe will arrive in New Delhi on April 25 on a five-day visit during which he will hold talks with Prime Minister Narendra Modi t...

At least 73 of the 99 storage tanks in Trincomalee is to be managed under a new equity arrangement between the two countries, Chandima Weer...

"A joint task force will be constituted soon to work out the modalities. India stands ready to help Trincomalee become a regional petroleum...

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

Govt on Thursday denied reports that Sri Lanka had decided to reposses a part of a strategic oil depot Indian Oil as was announced by Infor...

Sri Lanka announced it would repossess part of a strategic oil storage depot after India supported international calls to probe war crimes ...

Lanka IOC is the only private oil company other than the state-owned Ceylon Petroleum Corporation (CPC) that operates retail petrol station...