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VTTI Vasiliko Oil Terminal Cyprus - Project Profile

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Synopsis


"VTTI Vasiliko Oil Terminal Cyprus - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "VTTI Vasiliko Oil Terminal Cyprus - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Vitol Tank Terminals International (VTTI) is planning to undertake the Vasiliko Oil Terminal project in the industrial area of Vassiliko, Cyprus.

The project involves the construction of a new oil import, storage and distribution terminal and is planned to be executed in two phases.

The first phase envisaged the construction of 28 tanks and a 1.2km offshore jetty to serve them, offering a storage capacity of 543,000m3.

The second phase includes the construction of 13 tanks with a storage capacity of 305,000m3, which will increase the terminal capacity up to 848,000m3.

The project secured US$500 million funding from the Rabobank.

Joannou & Paraskevaides Group (J&P Group) was appointed as engineering, procurement and construction (EPC) contractor in the fourth quarter of 2011.

In January 2011, a groundbreaking ceremony was held.

In March 2012, VTTI and J&P Group signed a strategic agreement for the construction of the project.

On March 26, 2012, construction work on the first phase commenced.

In April 2013, construction of 12 tanks was completed.

In November 2014, construction work on the first phase was completed and commissioning tests were commenced.

On May 29, 2015, an official inauguration ceremony was held for the first phase.

In November 2015, the second phase of the project received environmental approval.

The construction works are expected to begin at the end of 2017 or early 2018.

Scope


The project involves the construction of a new oil import, storage and distribution terminal in Vassiliko, Cyprus.

The US$513 million project includes the following:

1. Construction of 41 storage tanks
2. Construction of a 1.2km offshore jetty
3. Construction of related infrastructure facilities
4. Laying of pipelines
5. Installation of security and safety systems

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

Identify key project contacts.


.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
0.Key Contacts
.General News, Project News
2.Appendix


List Of Tables


.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
0.Key Contacts
.General News, Project News
2.Appendix


VTTI – Vasiliko Oil Terminal – Cyprus - Project Profile

Synopsis VTTI Vasiliko Oil Terminal Cyprus - Project Profile contains information on the scope of the project including project overview and location. The profile also details project ownership and

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Reports Details

Published Date : Jul 2017
No. of Pages :8
Country :Cyprus
Category :Construction
Publisher :Timetric
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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