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Message: <blockquote data-quote="Nidarshana_k" data-source="post: 31323885" data-attributes="member: 580041"> <ul> <li data-xf-list-type="ul">Strategic Location: The tanks are located at China Bay in Trincomalee, one of the world's largest natural harbors and a strategic point.</li> <li data-xf-list-type="ul">Economic Support: The deal was part of a broader, approximately billion financial relief package from India during Sri Lanka’s severe economic crisis in 2022, which included fuel, food, and medicine financing.</li> <li data-xf-list-type="ul">The Agreement: The 99 tanks are divided among:<ul> <li data-xf-list-type="ul">14 Tanks: Leased for 50 years to Lanka IOC (India).</li> <li data-xf-list-type="ul">61 Tanks: Managed by a joint venture (Trinco Petroleum Terminals) with 49% Indian and 51% Sri Lankan ownership.</li> <li data-xf-list-type="ul">24 Tanks: Retained by the Sri Lankan government.</li> </ul></li> </ul></blockquote>

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