Abu Dhabi acquires 10 per cent stake in VTTI
The Abu Dhabi National Oil Company (ADNOC) announced on Wednesday it is to acquire a 10 per cent stake in global storage terminal owner and...
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Larnaca wants fuel storage terminals moved in 15 days
Larnaca municipality has sent a letter to several government ministers asking them to resolve issues regarding the relocation of the petroleum and LPG facilities from...
Petrolina will move storage units by year’s end
Petrolina will relocate all its fuel storage facilities from Larnaca to its new terminal in Vasilikos, Limassol, by the end of the year, the company...
‘Think bigger’ urge energy companies, more infrastructure needed
ENERGY companies active in the island’s exclusive economic zone urged the government on Thursday to think bigger, and cautioned that much needs to be done...
Private power plant marks ‘new era for energy sector’
THE operation of the first power plant by a private initiative will mark the beginning of a new era in the energy sector and contribute to significantly...
Foundation stone being laid next month for new private power plant
The foundation stone for the new private power plant at Vassiliko, PEC Power will take place next month, it was announced on Tuesday. The ceremony...
‘Some progress’ in ongoing battle to move petrol storage tanks
An inter-ministerial committee tasked with oversight of the gradual relocation of fuel storage facilities from Larnaca’s coastline to Vasiliko, in the Limassol district, said it...
Residents raise safety issues over Vassilikos energy hub plans
Holding banners with slogans such as ‘No more Mari’, ‘Health and safety above all’ and ‘We are not the wasteland of Cyprus’, residents of nine...
Larnaca says will no longer discuss oil and gas relocation
Larnaca Mayor Andreas Vyras said on Friday his municipality rejected the third draft of a memorandum of understanding (MoU) on the relocation of oil and...
President takes part in ‘symbolic’ destruction of storage tank
President Nicos Anastasiades on Thursday gave a helping hand in the demolition of a massive fuel tank in Larnaca and pledged that the government would...
Larnaca oil companies pushed over removal deadlines
A final agreement on moving the oil-storage facilities from Larnaca’s beachfront, including binding timeframes and penalties for non-compliance, will be signed by the end of...
Vassiliko fire under control (Update 1)
A huge fire that broke out close to Vassiliko’s cement factory, oil depot and electricity substation in Vassiliko late on Monday night, had been contained...
Vassiliko Cement Works’ posts €4.7m in Q1 after tax profit
Vassiliko Cement Works said that its after tax profit in the first three months of the year rose to €4.7m compared to €853m in the...
Church buys Hellenic Mining Company’s stake in Vassiliko Cement works for €15.4m
By Stelios Orphanides The Holy Archbishopric of Cyprus purchased the entire stake of the Hellenic Mining Company of 17.85 per cent in Vassiliko Cement Works,...
Fire at Vasilikos cement works under control (Updated)
The fire that broke out at 5am at the Vasilikos cement factory, in the Limassol district, was put under control some five hours later, the...
How is electricity produced (video)
The exact process by which electricity is produced is probably a mystery to most people. We visited the EAC’s power station at Vasilikos – by...
Our View: We need to embrace foreign investment not put obstacles in its path
EVERYONE seems to agree that the only way to put the economy on the road to recovery is by attracting investment from abroad. The state...
Vasiliko oil terminal ‘almost ready’, first shipments ‘soon’
By Staff Reporter THE ambitious oil storage terminal project at Vasiliko should be completed very soon, with the first shipments expected soon after, company officials...
New vessels for search and rescue
By a Staff Reporter THE CYPRUS Search and Rescue Centre (CSRC) delivered two semi-rigid inflatable boats to the Larnaca municipality and the Cyprus navy’s Underwater...
Our View: Environmental study should have come first for Vassilikos
COMMUNITIES of the Vassilikos area have been voicing strong opposition to government plans to build an energy centre in the area. They claim that no...
