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VTTI announces plan to build a new oil product terminal and make Cyprus a major regional oil trading hub
Vitol Tank Terminals International (“VTTI”), today announced plans to build a major oil import and distribution terminal in the industrial area of Vassiliko, Cyprus.
The terminal, which is set for completion in 2012, marks an initial investment of more than €100 million in the Cyprus economy and will establish the island as a major oil trading hub in the region.
Built to world class standards, with the highest safety and environmental standards in place, it will be 100% owned, funded and operated by VTTI and will provide around 340,000 cubic metres of storage for gasoline, diesel, jet fuel and fuel oil.
http://www.vitol.com/news.php
