For centuries Sri Lanka was set to be an energy hub with a storage facility of fuel for the entire South Asian region and this was well executed by the British during World War two.
During that time, the then Ceylon had stored ample fuel storage for many months to face any kind of emergency through fuel terminal storage facilities in Kolonnawa, Trincomalee and other regional depots. However, these positive sentiments were not maintained and carried on by successive governments since independence, so much so that the fuel storage facilities have now evaporated to just 22 days storage. The global average fuel buffer stock storage per country is a minimum of 60 days, although deferring from country to country. Read More