International Internet Magazine. Baltic States news & analytics
Friday, 21.11.2014, 19:42
State controlled company Klaipedos Nafta during October 2014 reloaded 498,000 tons of oil products into its storage tanks, greater by 35.0% than during October 2013, when 369,000 tons were reloaded. During ten months of 2014 the company reloaded 4.39 million tons of oil products into its storage tanks, by 14.7% lower than during ten months of 2013, writes LETA/ELTA.
In the third quarter of 2014 Ventspils nafta terminals Ltd. (VNT), subsidiary of JSC Ventspils nafta” transhipped 2.05 million tons of oil and petroleum products. But transhipment amounts of LatRosTrans Ltd. (LRT) in the same period of time reached 1.35 million tons, which is 36% more than in corresponding period of 2013, informed BC Ventspils nafta press service.
Lithuanian oil producers are worried: the fall of oil prices does not seem to end soon, which results both in lower income of their companies and the state budget, reports LETA/ELTA, referring to Lietuvos rytas.
Following the global fall in prices of oil products, Neste Latvija repeatedly reduced fuel prices at all of 62 Neste Oil gasoline stations in Latvia, thus, fuel prices in Latvia have reached a four-year low, the company informed the business portal Nozare.lv, cites LETA.
EBITDA LIFO result of Orlen Lietuva in the third quarter of 2014 amounted to USD 54 million and was higher by USD 58 million (year-on-year), supported by favourable macroeconomic environment in this period, informs LETA/ELTA.
Estonian Prime Minister Taavi Rõivas said in the parliament information hour on Wednesday that the main challenge of the oil shale industry is still the price of oil and Estonia cannot unfortunately influence that with environmental fees, LETA/Public Broadcasting reports.
During the Russian Energy Ministry's October 6 discussion on increasing the oil product transshipment amounts at Russian ports, Russian oil pipeline company Transneft suggested that this could be done at the expense of Latvian ports, business newspaper "Vedomosti" reports, cites LETA.