Petrolina's new €80 million liquid petroleum storage terminal in Vasiliko has been inaugurated by Cyprus' president Nicos Anastasiades.
The terminal, which is one of the largest investments ever made in Cyprus by a Cypriot company, comprises 18 tanks with a combined capacity of 113,000 m3, an increase from the 36,000 m3 at the old terminal in Larnaca.
Anastasiades said during the inauguration ceremony, which he initiated by pressing the button for a fuel truck to be loaded, that the new facility signals the beginning of the country's energy plans and described the inauguration as 'a new day for Larnaca, for the energy centre and for Cyprus'.
He added that a further €200 million is being invested in the Vassiliko energy hub, in addition to the €300 million investment by VTTV.
Petrolina executive chairman Costakis Lefkaritis says: 'We have accomplished a task of the present and the future. Our facilities at Vasiliko are state-of-the-art European specifications with full automation of the terminal itself, which enables the company to deliver high quality products with all environmental safeguards.'
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