CPC plans to set up a new subsidiary to develop the Trincomalee oil tank complex

CPC to form new subsidiary company to develop Trinco oil tank farm The Ceylon Petroleum Corporation (CPC) is planning to form a new subsidiary company named ‘Trinco Petroleum Terminals Ltd’ to develop the Trincomalee oil tank farm.

 

An agreement is slated to be signed with Lanka IOC and other relevant stakeholders within a month for the joint development of the oil tank farm, the CPC chairman Sumith Abeysinghe said.