Ceylon Petroleum Corporation to form new subsidiary company to develop Trincomalee oil tank farm

Trincomalee oil tanks

The Ceylon Petroleum Corporation (CPC) is planning to form a new subsidiary company named Trinco Petroleum Terminals Ltd.

This firm is expected to develop the Trincomalee oil tank farm.

An agreement pertaining to the establishment of the new company is slated to be signed with relevant partie within a month.

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