Local
articles | 19 January 2015

EIB considers funding new oil storage terminal in Cyprus

The European Investment Bank has announced it is considering a proposal from the Cyprus Organisation for Storage and Management of Oil Stocks (KODAP) to fund a new strategic storage terminal in Vasilikos, on the country's southern coast.

The ΕΙΒ said it would provide €30 million out of the total cost of €40 million. The project provides for the construction of a 210,000 tonne petroleum tank farm for Cyprus' strategic oil reserves.

Source: CNA

Cooperation Partners
  • Logo for Cyprus International Businesses Association
  • Logo for Cyprus Investment Funds Association
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus In Your Heart
  • Logo for Invest Cyprus
  • Logo for Cyprus Shipping Chamber
  • Logo for CFA Cyprus