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Bombed fuel tank partly owned by IOC

world Updated: Apr 30, 2007 06:20 IST

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The main oil storage tank hit by Tamil Tiger guerrillas in a daring air raid here this morning is owned jointly by the Sri Lankan government and the Indian Oil Corporation (IOC).

The Tigers first hit a petroleum facility in Kolonnawa, a suburb of Colombo, where storage tanks are jointly owned by IOC and Sri Lankan governments since 2002, officials said.

The fuel distribution facility is run by Ceylon Petroleum Storage Terminals Ltd (CPSTL), is 33 per cent-owned by Lanka IOC, a unit of the Indian Oil Corporation, which is an enterprise of the government of India.

The rest is owned by Sri Lanka government's Ceylon Petroleum Corporation (CPC).

"It is a very bad thing, whether the company is owned by the Indian government or Sri Lanka," Lanka IOC Managing Director K Ramakrishnan said. "Fortunately nothing much happened and we will be operating without any disturbance."

Lanka IOC owns a 33 per cent stake in CPSTL, which was acquired from the Sri Lanka government when it entered the country's oil business.

Shell Gas Lanka Ltd, whose liquefied petroleum gas (LPG) unloading andstorage terminal in Muturajawela, which was also hit by bombs within minutes of the first attack, is part of Netherland's Royal Dutch/Shell Group since 1995.