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Tuesday, 25.04.2017, 13:27
The state owned stevedore B.L.B.Baltijas Terminals plans to renovate oil product reloading and storage terminal, said Riga Freeport Administration’s representative Vita Gerharde.
Keyword tags: Good for Business, Investments, Latvia, Markets and Companies, Oil, Port, Transport
An ongoing dispute between Minsk and Moscow over Russian natural gas and oil supply terms has affected revenues of Lithuania's oil product terminal operator Klaipedos Nafta (Klaipeda Oil) and Lietuvos Gelezinkeliai as Belarusian crude refineries' exports via the port of Klaipeda have almost stopped.
Three oil product retailers - Circle K Latvia (formerly Statoil Fuel & Retail Latvia), Neste Latvija and Orlen Latvija - last year paid the largest amount of taxes into the Latvian budget, according to the information from the Latvian State Revenue Service writes LETA.
Mindaugas Jusius, former CEO of Swedbank Life Insurance, has been appointed to head Klaipedos Nafta (Klaipeda Oil), Lithuania's oil product and liquefied natural gas (LNG) terminals operator. He was on the company's board for more than five years, reports LETA/BNS.
Another attempt to use EU funds to build an automotive oil recycling facility is being planned in Lithuania after the first such enterprise, which obtained 2.3 mln euros in investments back in 2009, has not yet launched operations, LETA/BNS writes according to the business daily Verslo Zinios.
Polish-owned Lithuanian oil company Orlen Lietuva will load petrol and diesel fuel produced at its facility in Mazeikiai, northern Lithuania, onto tank vehicles in the port city of Klaipeda after bringing it by rail. The operations will be conducted in a renovated modern site of Klaipedos Nafta company, informed LETA/BNS.
The state owned Estonian energy group Eesti Energia is about to invest 52.5 mln euros in Attarat Power Company (APCO), a company set up to carry out a large scale, oil shale based power generating project in Jordan, reports LETA/BNS.