International Internet Magazine. Baltic States news & analytics
Monday, 29.08.2016, 17:41
Within the period of January – June of 2016 Klaipeda Seaport cargo handling turnover increased by 5,7 %. to 19,94 mln. tn, i.e. more by 1 081,0 thou. tn comparing with the corresponding period of 2015, informs BC Klaipeda Seaport`s Marketing Department specialist Mantas Stončius.
Keyword tags: Baltic, Baltic States – CIS, Cargo, Containers, Oil, Port, Transport
Minijos Nafta, one of Lithuania's largest oil extraction companies, posted a loss of over 10 mln euros in 2015 due to a decline in global crude prices. The company is this year halting oil extraction in some of the deposits, reducing staff numbers and shortening the working week, informs LETA/BNS.
Klaipedos Nafta, (Klaipeda Oil) the Lithuanian state-controlled oil loading company and the operator of the liquefied natural gas (LNG) terminal, posted revenue of 65.3 mln euros in the first seven months of 2016, up by 4.6 % from January-July of 2015, informs LETA/BNS.
Polish-owned Lithuanian oil company Orlen Lietuva said on July 21st that its first-half net profit in 2016 dropped by 12% year-on-year to 128 million US dollars (EUR 116.23 mln), attributing the decline to lower market and refining margins, reported LETA/BNS.
Talks between the Polish-owned oil company Orlen Lietuva and the state railway company Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) on railway tariffs, which broke down in May, will be resumed, Prime Minister Algirdas Butkevicius said LETA/BNS on Monday.
Lotos Geonafta, Lithuania's oil production and exploration company that is part of Poland's Lotos Group, in 2015 saw its consolidated revenues fall by 45.8% to 19.16 million euros, from 35.343 million euros in 2014, informs LETA/BNS.
The amount of oil products (fuel) sold in Latvia reached 380,921 tons in the first four months of 2016, which was an increase by 3,860 tons or 1.02% from the same period last year, informs LETA, according to the information provided by the excise goods authority of the Latvian State Revenue Service (VID).