Oil

International Internet Magazine. Baltic States news & analytics Friday, 07.08.2020, 04:11

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ORLEN Lietuva ends Q2 in the black

ORLEN Lietuva ends Q2 in the black

30.07.2020

ORLEN Lietuva, a Lithuanian company owned by Poland's largest oil group ORLEN, posted 25.1 million euros in net profit in the second quarter 2020 after suffering a loss of 137 million euros in the first quarter, informs LETA/BNS.

Keyword tags: Energy, Lithuania, Oil, Transport



Klaipedos Nafta posts 20.5% drop in H1 revenue

Klaipedos Nafta posts 20.5% drop in H1 revenue

30.07.2020

Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta said on Thursday that its consolidated first-half revenue in 2020 dropped to 40.7 million euros, down 20.5% from 51.2 million euros in the same period last year, informs LETA/BNS.

Virsi-A: The decline in demand for fuel has intensified competition in the retail market

Virsi-A: The decline in demand for fuel has intensified competition in the retail market

27.07.2020

The fall in demand in the fuel retail market during the state of emergency period intensified competition in the market, Janis Viba, the executive director of the fuel retailer Virsi-A, admitted to LETA.


Second US oil cargo for Belarus on its way to Lithuanian port

Second US oil cargo for Belarus on its way to Lithuanian port

23.07.2020

A new cargo of US crude for Belarus is on its way to the Lithuanian seaport of Klaipeda, marking the second ever shipment of American oil for Belarus, informed LETA/BNS.

Use of Klaipeda LNG terminal up to 48% in 2020

Use of Klaipeda LNG terminal up to 48% in 2020

20.07.2020

The use of the Klaipeda-based LNG terminal grew by 5 percentage points to 48% in the first half of this year, from the same period last year, with the terminal's operational efficiency growing for the second consecutive year, informed LETA/BNS.


15.07.2020

Estonia: VKG's net profit up by 1/3 on year at EUR 35.7 mln

The net profit of Estonian shale oil producer Viru Keemia Grupp (VKG) climbed 32.8% year on year to 35.7 mln euros in 2019, informed LETA/BNS.

14.07.2020

Ventspils port terminals see 41.1% drop in cargo turnover in H1

During the first six months of 2020, terminals operating at the northwestern Latvian port of Ventspils reloaded 6.8 million tons of cargo, which is a decrease of 41.1 percent against the respective period a year ago, writes LETA, according to the information published by the Ventspils port.

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