Middle East Economic Survey

VOL. LIII

No 46  

15-Nov-2010

CYPRUS

VTTI Awards Oil Terminal Construction Contract To J&P

Vitol Tank Terminals International (VTTI) has awarded a contract to Cypriot construction firm Joannou & Paraskevaides (J&P) to build a 343,000 cu ms (2.14mn barrels) capacity tank farm at Vasiliko on the southern coast of Cyprus. Work is to begin in January 2011 with the storage facility and jetty due for completion at end-2012. Officials say the...