Strategic oil reserve for Japan in Hambantota

Friday, 11 May 2012 00:01 - - {{hitsCtrl.values.hits}}

A Sri Lankan consultant had proposed a massive strategic oil reserve project for Japan in the Hambantota District as far back as 1993. The proposition was advanced in the aftermath of the first Gulf war during the Bush Sr. administration.

The proposal had been sent to the Ministry of Foreign Affairs Japan by Srinath Fernando acting alone as a Strategic Consultant. Fernando says that his proposal still carries a lot of weight in view of the ever-growing strategic importance of the Persian Gulf. Iran has already declared that in the event of a war breaking out it would resort to closing down the Hormuz Strait. Japan heavily relies on oil imports from the Persian Gulf. The size of the oil reserve is meant to serve Japanese industries for six months and in physical terms this would have been a mammoth strategic project had it been recognised at that time. Fernando had even envisioned creating a separate Coast Guard and upgrading Sri Lankan marine facilities in his proposal.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.