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Sunday, 15 April 2012

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Lanka IOC invests $11 m in China Bay tank farm during past decade

Since taking over operations of the China Bay tank farm 10 years ago, Lanka IOC has made significant investments in developing the tank farm, while ambitious plans are also under way to make Trincomalee an important industrial site.

Lanka IOC PLC’s Managing Director, K. R. Suresh Kumar said, “Over the past 10 years, we have made a total investment of nearly $ 11.2 m in the China Bay tank farm. This covers a gamut of areas such as improving facilities for fuel handling and operations, modernising old storage tanks and building new ones, strengthening the jetty”.

Outlining the improvements, Suresh Kumar said, “Lanka IOC invested about $ 5.62 million since 2002 to improve fuel handling and such operations. Two new storage tanks of 5500 kilolitres each were constructed along with a Pump House and Bowser Loading Gantry at the lower tank farm area. Firefighting facilities with modern hydrants, monitors, sprinklers and foam system were also installed to fight any fire hazards. Since the pipelines were old and not usable, five pipelines were also laid from the jetty to the storage tanks”.

 

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