In January 2022, which of the following country has signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in south asia?

  1. Myanmar
  2. Maldives
  3. Sri Lanka
  4. Bangaldesh

Answer (Detailed Solution Below)

Option 3 : Sri Lanka
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Detailed Solution

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The correct answer is Sri Lanka.

Key Points

  • Sri Lanka has signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in the eastern port district of Trincomalee.
  • 85 of the 99 tanks now will be under the Sri Lankan control which had previously remained under Indian control.
  • The joint venture will be for a lease period of 50 years.
  • The new agreement will be an extension of the 2002 agreement.

Additional Information

  • 15th edition of the Maldives, India, and Sri Lanka biennial Trilateral Exercise ‘Dosti’ was conducted in the Maldives from 20-24 November 2021.
  • Sri Lanka’s first-ever Test captain Bandula Warnapura passed away in November 2021.
  • The 8th edition of the India-Sri Lanka bilateral joint Exercise “Mitra Shakti-21” was held at  Ampara in Sri Lanka from October 4 to 15, 2021.
    • Sri Lanka Capital: Sri Jayawardenepura Kotte (legislative)
      Colombo (executive and judicial)
    • Currency: Sri Lankan rupee.
    • Sri Lanka President: Ranil Wickremesinghe (As of November 2022).
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