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The Hindu
The Hindu
National
PTI

Indian Oil Corporation to expand operations in Sri Lanka

Sri Lanka IOC Oil CPC International Monetary Fund

The Indian Oil Corporation (IOC) will expand its operations in Sri Lanka by opening 50 fuelling stations, a top official of the Lanka Indian Oil Corporation (LIOC) said on August 8, amidst the worst economic- as well as fuel crisis facing the island nation.

The IOC would invest in storage tanks and other equipment while the dealers are expected to have the land and bear other infrastructure costs, Lanka IOC Managing Director Manoj Gupta said.

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