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Lanka in talks to take back oil tanks leased to India by UNP

Lanka in talks to take back oil tanks leased to India: "Accusing the main opposition United National Party (UNP) of privatising state-owned enterprises during their rule, President Mahinda Rajapaksa told parliament that his government was bent on preserving the state enterprises under state control.

“Our oil storage tanks located in Trincomalee were privatised. We are currently having talks to take them back (under state control)”, Rajapaksa told parliament during his 2104 budget speech in his capacity as the Minister of Finance.

Some 99 oil storage tanks were leased to the Indian Oil Company’s local unit Lanka IOC in 2002 by the then government headed by Ranil Wickramnesinghe, the current leader of the main opposition UNP.
Lanka in talks to take back oil tanks leased to India by UNPSocialTwist Tell-a-Friend

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