Politics · Sri Lanka Bureau
Kolonnawa oil storage facility to commence operations within 12 months
Sri Lanka's government has signalled that newly constructed oil storage tanks at the Kolonnawa Oil Storage Complex are expected to become operational within the next year, bolstering the nation's petroleum storage capacity.
LSN Sri Lanka ·
The government has announced plans to bring newly constructed oil storage tanks at the Kolonnawa Oil Storage Complex into service within approximately twelve months. The project forms part of broader efforts to enhance Sri Lanka's strategic energy infrastructure and petroleum reserve capabilities.
The Kolonnawa Oil Storage Complex, a key facility in the country's energy sector, has been expanded with additional tank capacity to meet growing storage requirements. Officials have indicated that the new installations are progressing toward operational status, pending completion of final construction and safety certification procedures.
The addition of storage capacity at Kolonnawa comes as Sri Lanka continues to manage its energy security and petroleum supply chain. Adequate storage facilities are essential for maintaining stable fuel supplies and managing price volatility in international oil markets.
The timeline for operational readiness reflects ongoing construction and commissioning work at the facility. Once activated, the new tanks are expected to provide additional buffer capacity for the nation's petroleum reserves and support continued energy sector stability.