During 2014 we acted as Cyprus counsel for Rabobank in connection with facilities extended to VTTI, a joint venture between a Swiss company, Vitol Group and a Malaysian company, MISC Berhad, to finance a € 300 million oil storage terminal at Vasilikos, on the south coast of Cyprus. Rabobank is a banking and financial services company headquartered in Utrecht, Netherlands. The terminal, which began operations in November 2014, is strategically located, connecting Europe and the Black Sea with markets in the Middle East and Asia.