Abu Dhabi – In a major step towards enhancing South Asia’s energy infrastructure and regional cooperation, the United Arab Emirates, India, and Sri Lanka have signed a tripartite Memorandum of Understanding (MoU) to jointly develop Trincomalee, Sri Lanka, into a major regional energy hub.
The landmark agreement was signed by Mohamed Hassan Alsuwaidi, UAE Minister of Investment, Vikram Misri, India’s Foreign Secretary, and K.T.M. Udayanga Hemapala, Secretary of Sri Lanka’s Ministry of Energy. It sets the stage for long-term collaboration across energy security, infrastructure modernization, and cross-border connectivity.
Key Pillars of the Strategic Agreement
The MoU outlines a shared vision for the refurbishment and modernization of the Trincomalee Tank Farm, development of bunker fuel supply systems, and the potential construction of a new petroleum refinery. It also includes the creation of a bi-directional petroleum pipeline between India and Sri Lanka, a major infrastructure project expected to enhance fuel logistics and regional energy resilience.
Each nation has designated key agencies to lead the initiative:
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UAE: Abu Dhabi Ports Group PJSC (AD Ports)
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India: Indian Oil Corporation Limited (IOCL)
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Sri Lanka: Ceylon Petroleum Corporation (CPC)
These entities will form a Joint Venture Company to implement and oversee the multibillion-dollar project.
High-Level Endorsements and Vision
Speaking on the agreement, Mohamed Hassan Alsuwaidi said:
“This MoU exemplifies the UAE’s commitment to strategic regional partnerships that promote diplomacy, long-term economic resilience, and sustainable infrastructure development. Together, we aim to unlock Trincomalee’s full potential as a vital energy and logistics gateway for South Asia.”
Vikram Misri, India’s Foreign Secretary, added:
“This initiative marks a significant milestone in the India-UAE partnership, while reinforcing our shared commitment to Sri Lanka’s growth and regional stability.”
A Vision for Regional Prosperity
The agreement aligns with the UAE’s broader strategy of fostering cross-border economic development, energy security, and sustainable growth through impactful international collaborations.
By contributing to the transformation of Trincomalee into a global energy node, the UAE, India, and Sri Lanka aim to position the region as a key player in global fuel logistics, while also ensuring greater energy access and long-term economic benefits for their citizens.
This trilateral partnership reflects a growing shift towards regional energy diplomacy, laying the foundation for deeper cooperation across South Asia.
