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India, UAE to develop energy hub in Sri Lanka, competing with China's influence in the region.
India and the UAE have agreed to develop an energy hub in Sri Lanka, specifically in Trincomalee, including a multi-product pipeline and possibly using a World War II tank farm partly owned by Indian Oil Corp.
This collaboration, announced during PM Modi's visit, aims to boost India's influence in the region, competing with China, which is building a large oil refinery in Hambantota.
The deal also includes a $100 million solar power project and concludes debt restructuring talks between India and Sri Lanka.
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India, Emiratos Árabes Unidos para desarrollar un centro energético en Sri Lanka, compitiendo con la influencia de China en la región.