International Internet Magazine. Baltic States news & analytics
Wednesday, 02.09.2015, 03:19
State company Klaipedos Nafta net profit for the 6 months of 2015 amounts to EUR 9,458 thousand and is higher by 157.7% compared to the same period of 2014 – EUR 3,670 thousand, informs LETA/ELTA.
Keyword tags: Energy, Good for Business, Lithuania, Oil, Transport
The Norwegian company CSUB (former Sorkomp), which works with oil and gas technologies, is launching a production division in Klaipeda. In the short run, CSUB LT plans to create 50 new jobs for engineers, welders, and other specialists. The company is also considering expansion in Lithuania, reports BC press service of Invest Lithuania.
Joint-stock shipping company Latvijas Kugnieciba (Latvian Shipping Company) and its subsidiaries (LSC Group) posted USD 45.81 million in total revenue in the first half of the year, which was by 3.3% less when compared to the same period last year, reports LETA, according to the company's financial report presented to the NASDAQ OMX Riga stock exchange.
Joint-stock oil company Ventspils nafta and its subsidiaries operated with EUR 21.22 million in profit in the first half of the year 2015, reports LETA, according to the company's financial report submitted to the Nasdaq Riga Stock Exchange, cites LETA.
Lithuanian president Dalia Grybauskaite has urged the Government to take steps and improve competitive conditions in Lithuania's fuel market, which would reduce fuel prices to consumers, informs LETA/ELTA.
A substantial reduction in gasoline prices at fuel stations in Latvia has been observed over the past month (July 2015), as the price of gasoline has reduced by an average or eight cents per liter, while the price of diesel fuel has reduced by 11 cents per liter, LETA found out from Neste Oil.
Fuel retail company Neste Latvija increased turnover by 7% in 2014, when compared to 2013, reaching EUR 350 million, the company informed LETA.