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India and Sri Lanka Signed Agreement

Published on January 08, 2022
Current Context: India and Sri Lanka have entered into an agreement to redevelop the strategic World War II-era oil tank farm in the island nation's eastern port district of Trincomalee.
India and Sri Lanka Signed Agreement
  • This is the bilateral economic and energy partnership between both the countries.
  • They will redevelop the strategic Trincomalee Oil Tank Complex, which is also known as Trinco Oil Tank Farm.
  • Due to this agreement, 85 of the 99 tanks will now be under the Sri Lankan control which were initially under India’s control.
  • Static Part: 
    • Capital of Sri Lanka: Sri Jayewardenapura Kotte, Colombo
    • Currency of Sri Lanka: Sri Lankan Rupee


Ques: 1: India signed agreement with ____ to redevelop strategic Trincomalee Oil Tank Complex?
a. Maldives
b. Indonesia
c. Nepal
d. Sri Lanka

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