Oil

International Internet Magazine. Baltic States news & analytics Sunday, 25.02.2018, 05:31

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Baltic Oil Service completes expansion in former oil plant compound

Baltic Oil Service completes expansion in former oil plant compound

22.02.2018

Baltic Oil Service OU, which bought the biodiesel plant of the bankrupt company Biodiesel Paldiski, has completed expansion within the compound and doubled its tank capacity, reports LETA/BNS.

Keyword tags: Energy, Estonia, Good for Business, Investments, Oil, Transport



Sales of fuel increase by 6% in Latvia in 2017

Sales of fuel increase by 6% in Latvia in 2017

22.02.2018

1,372,815 tons of oil products (fuel) was sold in Latvia in 2017, which is 77,299 tons or 6% more than in 2016, LETA learned from the State Revenue Service.

LatRosTrans reports 6% drop in transportation of oil products in 2017

LatRosTrans reports 6% drop in transportation of oil products in 2017

05.02.2018

LatRosTrans oil pipeline operator, a subsidiary of Latvia's Ventspils Nafta group, in 2017 transported 3.4 million tons of oil products via its pipelines, which is a reduction by 6% compared to 2016, the company said for LETA.


Orlen boosts capacity at Butinge crude terminal by 20%

Orlen boosts capacity at Butinge crude terminal by 20%

01.02.2018

Lithuania's oil refining and transportation company Orlen Lietuva has installed a new 52,000-cubic-meter oil tank at its Butinge terminal, informs LETA/BNS.

Klaipedos Nafta raises 2017 profit by 23.5%

Klaipedos Nafta raises 2017 profit by 23.5%

31.01.2018

Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) posted 17.031 million euros in net profit in 2017, up by 23.5%, from 13.794 million euros in 2016, informs LETA/BNS.


25.01.2018

Orlen Lithuania posts EUR 197.5 mln net profit for 2017

Orlen Lietuva, the Lithuanian unit of Poland's biggest oil group Orlen, last year posted a net profit of 197.5 million euros (USD 244 mln), up by 3% from 192.7 million euros (USD 238 mln) in 2016, reports LETA/BNS.

12.01.2018

Lithuania's oil reserves shrink further, new licensing tender may be launched

With oil reserves in Western Lithuania shrinking at an annual rate of around 10% and the probability of discovering new deposits being low, the country's oil production is expected to decline further this year, the director of the Lithuanian Geological Service said on January 11th, cites LETA/BNS.

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