100 Million Euro Investment in Free Areas
 | 100 Million Euro Investment in Free Areas |  |
 Posted: Thu Jul 22, 2010 6:37 pm |
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| bill cobbett |
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| Joined: 17 Dec 2006 |
| Posts: 6500 |
| Location: Embargoed from Kyrenia by the Jurkish Army |
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Vitol to build oil products terminal in Cyprus
* Initial investment exceeds 100 million euros
* Set for completion H2 2012
* To hold 340,000 cubic metres of oil products
NICOSIA, (Reuters) - Vitol [VITOLV.UL], the world's largest energy trader, plans to build an oil import and distribution terminal in Cyprus, it said on Thursday.
Vitol Tank Terminals International (VTTI), a wholly owned subsidiary of Vitol Group, said it expects the project to be completed by 2012 at an initial cost of more than 100 million euros ($127.6 million).
The terminal in the southern coastal region of Vassiliko would provide 340,000 cubic metres of storage for gasoline, diesel, jet fuel and fuel oil.
"This terminal will turn Cyprus into a regional oil product hub allowing us to export products from this terminal into other parts of the east Med," VTTI CEO Rob Nijst told a news conference in the Cypriot capital Nicosia.
More at Reuters ... http://af.reuters.com/article/energyOilNews/idAFLDE66L11Q20100722
... and in a few days time at the CY Mail 
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baycrap |
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| Posted: Thu Jul 22, 2010 6:39 pm |
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| Raymanoff |
| lecturer |
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| Joined: 19 Dec 2007 |
| Posts: 1929 |
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| Oh great, for a mere 100Mil we have a potential eco disaster.... bloody hell, idiots... where is ma fre Perdikis... |
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| Posted: Thu Jul 22, 2010 6:40 pm |
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| bill cobbett |
| professor |
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| Joined: 17 Dec 2006 |
| Posts: 6500 |
| Location: Embargoed from Kyrenia by the Jurkish Army |
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| Raymanoff wrote: |
| Oh great, for a mere 100Mil we have a potential eco disaster.... bloody hell, idiots... where is ma fre Perdikis... |
Is Vassiliko just next to Governor's Ray???? |
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| Posted: Thu Jul 22, 2010 7:09 pm |
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| Raymanoff |
| lecturer |
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| Joined: 19 Dec 2007 |
| Posts: 1929 |
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Yes... its where governors beach is. 
The government must be nuts to agree. |
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| Posted: Sat Jul 24, 2010 2:49 am |
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| Gasman |
| lecturer |
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| Joined: 02 May 2009 |
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Well, there is already a load of ugly chimneys in sight of that beach and plenty of other 'industrial stuff' just inland from it. Why not put it there?
I don't understand the fuss about Governors' beach. There are far nicer beaches to be had dotted around the island. |
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