Middle East Economic Survey

VOL. LIII

No 40  

4-Oct-2010

CYPRUS

Vitol Terminal Construction Set For 2011

Vitol Tank Terminals International (VTTI) on 29 September said the construction of a new 343,000 cu ms (2.14mn barrels) petroleum products tank farm at Vasilikos in Cyprus is expected to get under way in early 2011. Christopher Bake, a VTTI board member, said that while the initial investment in the storage farm and jetty was €100mn, “things are changing so...