News Local Oil firms to be relocated by 2019

Oil firms to be relocated by 2019

All oil firms are to be relocated by December 2019 from Larnaca and all gas facilities by December 2020, according to the exact timetable set by the Ministry of Energy, following intense negotiations with all parties involved, including the firms themselves. The timetable determines the timeframes and obligations of a series of Government departments.  

This came as a result of an agreement signed in 2000 between the then President of the Republic and the Municipality of Larnaca, which provided for the relocation of the facilities by 2010.

A draft Memorandum of Understanding between the Governor, the Municipality of Larnaca and the six oil and gas firms on the relocation of the facilities from the Larnaca coastline, including a clear timetable, is expected to be approved today by the Council of Ministers.

More specifically, as stated in the Memorandum, in which they commit to relocate oil firms at a first stage and gas firms at a second stage, “the main reason why December 2019 was determined as the final date is that there is currently only one terminal configured to accommodate the liquid fuels of firms”, namely the VTTV terminal, which some firms deem to be negative, since they wish to have more than one option for competition purposes. On the basis of a detailed timetable, all completion procedures of the Petrolina Terminal at Vassilikos are set as to allow for negotiation and selection between two terminals.  The agreements between the firms and the terminals must be signed by next September.

Top Stories

Minister of Agriculture presents the Strategy for Biodiversity of Cyprus

The Government has presented on Friday the Strategy for Biodiversity of Cyprus, which includes thirteen strategic goals for the decade 2020-2030. The Action Plan...

Government, social partners kick off talks on support measures

  The government, employers and trade unions on Friday launched discussions on a package to support employment post-June 12 when the current schemes end. Employer associations...

Significant funding opportunities for Cyprus in the post-COVID era under European Green Deal

Aiming at a climate-neutral European Union by 2050, the European Green Deal is becoming the main tool for the recovery of the economy in...

Two coronavirus cases on Friday, total at 960

  Two people have tested positive for coronavirus in Cyprus from a total of 1836 tests, the Health Ministry said on Friday. One was from repatriations...

BA owner considers legal challenge to UK quarantine as relations fray

    The owner of British Airways is considering a legal challenge to Britain's quarantine plan, as relations between airlines and the government are frayed by...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...