The Ministry of Investment, the Indian Ministry of Petroleum and Gas, and the Ministry of Energy in Sri Lanka signed a triple understanding note for cooperation in developing the city of “Trinkomali” Sri Lankan, to become a regional energy center in South Asia, and contribute to enhancing energy security in Sri Lanka.
The Memorandum of Understanding establishes a framework for cooperation in developing many infrastructure and energy projects in Trinkumali, including the renewal and development of “Trinkomali” tank farms, ship fuel supply initiatives, and the development of a new refinery project. The UAE, India and Sri Lanka tasked with its approved agencies, respectively: Abu Dhabi Ports Group, the Indian Oil Company Ltd. and the Ceylon Petroleum Company, to establish a joint project to supervise the implementation of the refinery project.
The memorandum also includes the creation of a two -way pipeline for the transfer of oil between India and Sri Lanka, which contributes to enhancing regional logistical capabilities and ensuring fuel security.
The Minister of Investment, Mohamed Hassan Al -Suwaidi, said that this memo confirms the UAE’s commitment to the strategic regional partnerships that contribute to strengthening diplomatic relations, stimulating long -term economic flexibility, and developing sustainable infrastructure.
He added that the UAE will work with partners in India and Sri Lanka to launch the potential of “Trinkomali” to become a main gateway for energy and logistics services in South Asia.
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