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Friday, 20.01.2017, 23:59
Oil extraction companies working in western Lithuania extracted 77,370 cubic meters of crude last year, down by 15% from 2015. This was due to depleting crude resources in the deposits, says Jonas Satkunas, the head of the Geology Service LETA/BNS.
Keyword tags: Energy, Energy Market, Lithuania, Markets and Companies, Oil
Ventspils Nafta Terminals, a stevedore of Latvia's Ventspils Nafta Group, handled 7.5 mln tons of oil products in 2016, down 18.5% from 2015, the company said.
In January-October this year Latvia imported gasoline and diesel fuel mainly from Lithuania, the Latvian Central Statistical Bureau innformed LETA.
Alberta Government official visits Riga Port to discuss opportunities for cooperation in oil product exports06.12.2016
The Government of Alberta representative Mario Krpan visited the Freeport of Riga last week to get acquainted with port infrastructure and opportunities for cooperation in transport and storage of oil products, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), according to a statement released by the Freeport of Riga Authority.
The Economics Ministry has drawn up a draft decree to grant Lithuanian company Geobaltic permission to prospect for oil in Laza county, Aizpute region, and Gudenieki county in Kuldiga region, LETA was told at the ministry.
Klaipedos Nafta (Klaipeda Oil), the Lithuanian state-controlled oil loading company and the operator of the liquefied natural gas ( LNG ) terminal, netted a profit of 13.024 mln euros in the three quarters of this year, down by 0.4%, from 13.095 mln euros, January-September of 2015, writes LETA/BNS.
Enefit Outotec Technology (EOT), a joint technology development venture of the Estonian state owned energy group Eesti Energia and the listed Finnish technology services company Outotec, has recently tested oil shale from several countries, including China, Mongolia and Burma, with a view to its commercial use, reports LETA/BNS.