Middle East Economic Survey


No 30



Vitol To Build New Oil Terminal In Cyprus

Vitol Tank Terminals International (VTTI) has announced plans to construct a new oil import and distribution terminal at Vasilikos in Cyprus, with an initial investment of 100mn. The new facility will focus mainly on re-exporting gasoline, diesel, jet fuel and fuel oil to regional markets in its first phase, though it will also have the capacity to supply the local market. It will have an...