Cyprus seeks private partner for oil terminal

apc2010


Joined: 28/07/2010
Posts: 1689

Message Posted:
21/12/2010 12:35

Cyprus is seeking expressions of interest from private investors to build a new 300,000 cubic metre oil storage facility on its southern coast, government documents seen by Reuters showed.



The project, estimated to be worth a minimum of 100 million euros, will be run jointly by the Cypriot government and the successful bidder for a period of 25 years.









http://af.reuters.com/article/energyOilNews/idAFLDE6BK0N520101221

caulkhead


Joined: 03/01/2009
Posts: 149

Message Posted:
21/12/2010 15:01

Lets hope it is to be built on pre 74 GC land!

YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
21/12/2010 15:09

What on earth for? Should they not wait till they start drilling for oil and save themselves all the money. Untill tey come to an agreement with Turkey they will not be able to start drilling never mind transporting it.

Usual forum member up to misschief me thinks.

tracer


Joined: 02/06/2010
Posts: 442

Message Posted:
21/12/2010 18:54

why Turkey has anything to say about drilling in the south seas YFRED why we should need Turkeys permission.



im here for you my friend

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
21/12/2010 19:52

This is not about drilling, its about storage.

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
21/12/2010 20:25

As far as I can recall under the 1960 agreement Turkey, along with Greece and the UK have a say at what goes on over here. So if the GCs start spudding near to the South coast then all hell will let loose.

Its a bluff by the GCs and they (like the rest of us) know it.

Michael

tracer


Joined: 02/06/2010
Posts: 442

Message Posted:
21/12/2010 21:07

nobody has the right to say anything to an independent country what to do with their resources

the agreements with Egypt ,Israil, Lebanon , and Syria are a fact not a bluff .

If turkey wants anything, withdrαw from Cyprus and let the CTS claim what rightfully belongs to them.

apc2010


Joined: 28/07/2010
Posts: 1689

Message Posted:
21/12/2010 21:48

as zero pointed out it i about storage ..

tracer


Joined: 02/06/2010
Posts: 442

Message Posted:
21/12/2010 22:08

storage fist drilling in the near future apc



as said : "τα μακρα κοντα εγιναν".

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
21/12/2010 23:20

No drilling unless turkey allow it

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
22/12/2010 09:47

At the end of the day the GCs will bottle it.

There will be no oil to store in the terminal so the whole issue will die a death.

End of subject.

Michael

YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
22/12/2010 11:41

Tracer, what you fail to understand is that the Turks have a hell of a lot more south coast than Cyprus and will claim what is rightfully theirs all the way to the Israili and Egyptian sea border whether you like it or not. This is on top of what the TCs are entitled to.

Secondly they have the military muscle to enforce it. Just like in the west coast against Greece. Now, I am prepared to stake my reputation on this and if GC take out a single drop of oil or gas assuming that the gas is extracted in drops from the sea without an agreement with Turkey, I shall henceforth be known as Nigoli on this forum.