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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Historic day for Larnaca oil tanks dismantled

   

Historical characterized the current day for Larnaca, after the presence of the Minister of Energy, Commerce, Industry and Tourism George Lakkotrypi began dismantling oil tanks of the Cyprus Petroleum Company (KETAP).

At noon, a modest ceremony in the presence of Mayors and Livadia Larnaca, Andreas Vyras and Marios Armeni, the President and Board members the KETAP and members of the Municipal Council Larnaca, began with special machines cutting and dismantling of large oil tanks.

In his statements, the Minister described as "historic" the current day for the city of Larnaca, for residents of the area, which over time had the requirement for removal of oil facilities from their city. "This was a commitment of the President Nicos Anastasiades to Larnaca, after several meetings with the institutions of the city said it will be the dismantling and removal of the oil companies and gas from the waterfront," he said

He added that today it has begun dismantling its KETAP plant after removal of liquid fuels and thanked the President and the Board of Directors "because they got painful but necessary decisions for the company."

As he said, "we are in a place that served Cyprus for many years, but has closed the 'life cycle, adding that" the dismantling of KETAP installations will be done in three phases and the current day is the effort of a third for removal, while looking forward to the cooperation and the City and private companies to make the remaining two thirds. "

The Minister explained that "the second is the removal of private stations and the third to remove the gas, having trochodromithei in cooperation with the Ministry of Interior. We want to remove the hydrocarbons end of this year and we expedite licensing Royal so that companies that are currently in Larnaca have options and to remove the hydrocarbons. "

Regarding LPG, Mr. Lakkotrypis said that "the issue is more complex because we have facilities that can accommodate it, so you need to speed up procedures for the establishment of facilities in Vasiliko. I know that companies have already made their applications to proceed and this project. "

Responding to a question, the Minister said that "it is always difficult to see the operation of a company be terminated, since there are employees who took care with the Board get all their rights and not be deprived of anything. "

In another question, Mr. Lakkotrypis replied that "for KETAP there are three different modes: we hydrocarbons which have been removed for more than 12 months, we have the function of chemistry necessary because advances in fuel tests that can not be do other organizations in Cyprus today and there is asphalt, which also is necessary because there is only one other small private company whose quantities are not sufficient to meet the state's needs. "

He noted that "these complexities had all this time to resolve in cooperation with the municipality and the company succeeded. Today is a very important day and is beginning to follow other companies to release the Bay of Larnaca for tourist development now. "

Asked how they will force the government to private companies to withdraw from Larnaca since 31 January expires Ministerial Decree Termination of use, the Minister replied that this will be done "with renewed Decree, with aggressive but realistic timeframes and providing options for their removal from Larnaca ". Throughout this effort, he added, "should be kept in mind and the energy security of the country, we could not leave the country without fuel or as regards strategic stocks maintained the KETAP until recently, nor the operation of the oil companies. "

In another question, Mr. Lakkotrypis replied that the first phase, which is the dismantling of petrelaioedexamenon will take 3-4 months, we will follow an assessment of the many years of the refinery operation, which will be submitted to the Environment Department within 12 months and then six months to design the site remediation must follow. So to complete the recovery will take some time but we have begun today and will move forward. "

The Mayor of Larnaca Andreas Vyras also called "historic day today for our city. As Larnaca Municipal Council welcome this development that begins the process of dismantling the KETAP tanks and is a day that really expecting for years. "

However, he continued, "we want to express our disappointment and serious concern that we as a city on how to move the process to the withdrawal and the dismantling of the tanks of private oil companies, particularly of companies engaged in LPG".

As he said, "is a process which should be completed by the end of the month and this will not happen, there is the Ministerial Decree Termination of use, which the City Council is to remain in force."

He explained further that "not only to blame for this situation is the Larnaca residents after facing major security problems, problems relating to the development of the city and has always in cooperation with the government, to give a final solution. They should also be given specific timetables and specific compensatory measures to the citizens so that to achieve this too great goal we have. "

He noted that "there arrived at the end of the road, but there is concern, particularly for gas companies pending the Competition Commission decisions likely some decisions lead us to new plans and new projects."

The Larnaca Mayor also said that concrete steps should be taken by various government departments, the Public Works and the guardian of Turkish Cypriot Properties, in order to enable the movement of gas companies in the Royal. "For all that we need to take concrete decisions and to set specific dates and this time there is no chance not to meet these timelines," he said.

"We believe," he concluded "that today is the real beginning of the end in order to achieve a major goal of the city and this region to become a landmark for the new city that we want to build and create the city dreaming of the residents us".

On the side of Stelios Georgiades, Chairman of the Board. In. Of KETAP said that "KETAP facilities occupy an area of ​​150 000 square meters. All tanks, steel structures and piping will be sold as scrap metal, which will be given for recycling, and the company will get some money. Followed by the removal of the concrete base and together with the Environment Department will make tests to see the status of the subsoil and gradually move to site restoration. That is where you have transferred new territory to be placed or where have you been sifting soil depending on the status. "

Replying to Mr. Georgiades a question he said that "the great majority of workers on KETAP facilities has left. Currently there are only 15 staff members, and to the progress of the operations if redundancy occurs for additional guests will leave with compensation on the basis of rights and contracts. "

http://cyprustimes.com/2017/01/27/istoriki-mera-gia-ti-larnaka-xilononte-dexamenes-petreleou-pics/