Dismantling of fuel depots in the coast of Larnaca begins

Cyprus President Nicos Anastasiades attended a ceremony for the dismantling of the largest fuel depot in Cyprus, marking the commencement of the dismantling of the fuel depots on the coast of Larnaca.

The government, the Municipalies of Larnaka and Livadia and the petroleum companies agreed on timeframe to conclude the dismantling of the fuel depots by late 2020.

The fuel tank, estimated to hold 56,913 cubic metres of fuel is the largest ever constructed in Cyprus and belongs to Petrolina Holdings, a Cypriot petroleum company.

In a symbolic move, Anastasiades used a plasma cutter to cut the ladder leading to the top of the fuel tank.

I am particularly pleased because this day and the symbolic dismantling of the largest fuel tank of Petrolina essentially marks the start of implementation of the timeframe, agreed in the Memorandum of Understanding involving both the government, the Municipalities of Larnaka and Livadia and the petroleum companies on the basis of specific timetables, the President said addressing the ceremony.

Anastasiades noted that the Memorandum provides that the government will facilitate the move of the fuel depots by declaring the Vasilikos area as an industrial and energy area, adding that through synergies the Municipalities and the petroleum companies should contribute to the efforts, which began in 2001, to conclude enabling the development of one of the best beaches of Larnaka and Livadia.

We are an island attracting tourism, an island that could create and develop, he added, noting that the development of the area has stalled as a result of being designated as a petroleum products storage area since 1940.

Congratulating Petrolina which leads the way in the effort, the President added I have no doubt the other companies through this agreement and the government’s determination to observe the timeframes, will follow suit in the same pace.

Dinos Lefkaritis, Petrolina’s Executive Director, said that in 2003 his company began plans to the move it storage facilities from Larnaca to a privately -owned fuel storage terminal in Vasilikos, adding that Petrolina has invested Euros 35 million and plans to invest an additional Euros 24 million in further infrastructure projects.

Lefkaritis said the dismantling of the specific fuel tank will continue for three months.

Source: Cyprus News Agency