VTTV reaches 96% ca­pac­ity on an­niver­sary

Financial Mirror (Cyprus) - - FRONT PAGE -

VTTV, the fuel and crude oil stor­age fa­cil­ity at Vas­si­liko owned by in­ter­na­tional en­ergy gi­ant VTTI, has al­ready reached 96% of its ca­pac­ity, just as the ter­mi­nal pre­pares to cel­e­brate its first an­niver­sary at the end of this month.

The ter­mi­nal of­fers stor­age ca­pac­ity of 544,000 cu.m. with 28 tanks for gaso­line, diesel, jet fuel, kerosene, naph­tha, MTBE and FAME, as well as a jetty that ex­tends 1500m off­shore with four berths for ship tankers from 5,000 to 160,000 DWT and ca­pa­bil­ity of load­ing and dis­charg­ing ves­sels at 2500 cu.m. per hour.

Hav­ing al­ready in­vested EUR 300 mln in the project, built by con­struc­tion gi­ant J&P, the own­ers in­tend to ex­pand the fa­cil­ity with fu­ture plans ex­pected to ex­pand the ter­mi­nal, di­ver­sify cus­tomers’ port­fo­lio and eval­u­ate re­gional op­por­tu­ni­ties, such LPG and LNG gas, as well as eval­u­at­ing the off­shore ex­ten­sion with 13 tanks of to­tal ca­pac­ity 305,000 cu.m. for fuel oil and crude oil.

Al­ready, the gov­ern­ment of Cyprus is an im­por­tant cus­tomer, keep­ing its strate­gic stocks at the VTTV ter­mi­nal.

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