 "Demand in key overseas markets has enabled the continuing rise in the export of refined petroleum products, which jumped 12.7 per cent in October, according to the latest data released by the Petroleum Planning and Analysis Cell (PPAC). Export of ref")
A proposed multi-product petroleum pipeline between India and Sri Lanka will proceed only if economically viable, not based on political considerations, the head of Sri Lanka's national oil company has said.
Deliberation on the possible trilateral cooperation between India, Sri Lanka and the United Arab Emirates was held during President Anura Kumara Dissanayake's visit to India last year.
Ceylon Petroleum Corporation Chairman W A Rajakaruna told the Daily Mirror newspaper that currently the project is being assessed for its feasibility.
"We will assess the project for its feasibility. We will press ahead only if it is feasible. We cannot decide on it over political reasons only," the report quoted him as saying.
Rajakurana said he participated in talks about this with President Dissanayake last week.
The project is part of the energy connectivity between Sri Lanka and India. There is a proposal for power grid connectivity between the two countries, according to the report.
According to the MEA, discussions are ongoing on the proposed multi-product pipeline connecting India and Sri Lanka and the power grid interconnection.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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