Petrolina’s new fuel terminal in Vasiliko, Cyprus, has entered into the final phase of construction. The terminal comprises 18 tanks with 113,000 cbm of capacity.

Executive Chairman Costakis Lefkaritis highlighted at the company’s 19th Annual General Meeting of shareholders that “Petrolina has always invested substantial resources to infrastructure projects, which we believe offer our Company a comparative business advantage. Today (June 28), the completion of the 2nd phase of our own fuel terminal at Vasiliko has entered the final phase, the full operation of which is scheduled within the timeframe set by the Government, that is, by the end of this year.”

He added that all procedures are proceeding for the construction of a liquid petroleum gas terminal, also at Vasiliko, through a consortium, which aims to be operational by the end of next year, also in line with the Government’s timeframe.

Costakis noted that, with the relocation of oil and gas storage operations to Vasiliko, the company will proceed to dismantle its existing facilities along Larnaca’s shoreline, demolishing its tanks and cleaning the land. “Our goal,” he said, “is for the company-owned land plots hosting our company’s terminals in Larnaca to be included in new town-planning zones so that they can be developed accordingly. To this end, we look forward to the State’s positive response. Of course, the company will continue to be based in Larnaca.” 

At the same time, he noted that the Petrolina’s petrol stations’ network is continuously upgraded to European standards on safety, functionality and appearance, in order to offer consumers the appropriate environment.

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1st July 2019