Vitol Vitol, the world's largest oil trader, is building a new liquid freight terminal at Cyprus' port of Vasilikos. A new oil terminal being built by the Athens-based global contractor Joannou and Paraskevaides Ltd. for the world’s largest oil trader, the Vitol Group, is providing some hope to financially challenged Cyprus. The Mediterranean island is hoping a large energy investment will help to repay a $10-billion European Union loan intended to save the country from insolvency.The Vitol terminal and other energy-sector projects are providing some optimism in a depressed economic environment. “There’s euphoria over the energy projects ongoing in Cyprus
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.