The vision of Cyprus to become energy center of the eastern universal Mediterranean, which will connecting Europe, Africa and Asia, it is not impossible. the natural resources and strategic position of the country make feasible and correctly attempts to approached foreign investment in this area, especially today that its economic future more than ever uncertain.
The beginning was in 2010 vitalization Island of VTT Vasiliko Ltd at Vasilikos area, which preparing storage terminal and management of petroleum in the Royal two kilometers from the space intended to create terminal liquefaction gas enables Oil marketing firms species to rent spaces in terminal, to store
products traded in Cyprus, Eastern Mediterranean and beyond.
Also, the pier terminal can be used for safe transport between loading petroleum ships, which today is the open waters of Cyprus
The terminal, after the completion ofthree phases of manufacturing, it has 40 tanks.
The pier will has four points, where they can bind tankers 10 to 160 kt. It spans 1200 meters the open sea and has two short-snow on each attachment point for each product, capable of loading – unloading ing 1250 cubic meters per hour. also
Manufactured fifth point mooring tankers below 10,000 tons in the current limavi of Vasilikos.
estimated that the pier will serve 550 tankers a year and a number of other especially for transshipment of petroleum. it 2012, for example, made of about 250 such transshipments
