Trincomalee oil tank farm: What the deal means for India, Lanka:

GS Paper 2: Topics Covered: India and neighbourhood relations.   Context: Recently, Sri Lanka announced that the Indian Oil Subsidiary Lanka IOC would be given 49% stake in the joint development of the Trincomalee Oil Tank farm, with Ceylon Petroleum Corporation keeping 51%.   Why has this become a historical deal? 35-year-old agreement: If it …