International Internet Magazine. Baltic States news & analytics
Monday, 26.01.2015, 02:20
Estonia's state-owned energy giant Eesti Energia is considering production of motor fuels from oil shale in some European refinery, which would replace building a costly diesel fuel plant in Auvere, North East Estonia, said Hando Sutter who took over management of the energy group in December, LETA/Postimees Online reports.
Keyword tags: Energy, Estonia, EU – Baltic States, Oil
According to the data of the Lithuanian Geological Survey (LGT) under the Ministry of Environment, the Silute-Taurage area (in Western Lithuania - ELTA) is promising for the extraction of hydrocarbons, especially oil. Hence it is planned to announce a tender for the exploration and extraction of these resources, reports LETA/ELTA.
Ventbunkers terminal handled a total of 2.4 million tons of oil products last year, while the company's unaudited financial data indicate that Ventbunkers profit exceeded EUR 15 million in 2014, the company informed LETA.
State company Klaipedos Nafta during December 2014 reloaded 640 thousand tonnes of oil products into its storage tanks, greater by 68.4% than during December 2013, when 380 thousand tonnes were reloaded.
Cargo turnover at the Freeport of Ventspils reached 26.2 million tons in 2014, the port informed LETA.
State company Klaipedos Nafta during December 2014 reloaded 640 thousand tonnes of oil products into its storage tanks, greater by 68.4% than during December 2013, when 380 thousand tonnes were reloaded, writes LETA/ELTA.
Prime Minister of Lithuania Algirdas Butkevicius says the situation in petroleum refining company Orlen Lietuva, which operated at a loss, has now stabilised. Decreasing oil prices in 2015 are expected to contribute to the improvement of the company's financial indicators, reports LETA/ELTA.