International Internet Magazine. Baltic States news & analytics
Thursday, 11.02.2016, 21:09
Terminals in the Port of Ventspils handled a total of 1.84 million tons of cargo in January 2016 or by 29% less than in January 2015 but it is the largest monthly amount that the port has reloaded since May 2015.
Lithuania's liquefied natural gas (LNG) and oil product terminals operator Klaipedos Nafta (Klaipeda Oil) said on February 4th that its total revenue for January rose to 10.7 million euros, up 17.6% from 9.1 million euros a year earlier, reports LETA/BNS.
Lukoil Baltija, a chain of filling stations owned by Russia's Lukoil, may be sold in February, the chain's chief executive officer said on February 4th, reports LETA/BNS.
Klaipedos Nafta (Klaipeda Oil), Lithuania’s state-controlled petroleum products terminal operator, is loading the longest tanker in its history, reports LETA/BNS.
Orlen Lietuva, the sole Baltic oil refinery controlled by Poland’s PKN Orlen, posted a net profit of 237 million US dollars (EUR 217 mln) for 2015 reversing the year-earlier losses of 119 million US dollars (EUR 109 mln), reports LETA/BNS.
The northeast Estonia based shale oil producer Viru Keemia Grupp (VKG) wants the Estonian government to retroactively cut the resource and pollution fees for oil shale to zero and introduce a system of multipliers that would envisage the possibility of the state paying to shale oil producers to stay in business when global oil prices are low, informs LETA/BNS.
Lithuania's oil product terminal operator Klaipedos Nafta (Klaipeda Oil) says it would back Orlen Lietuva's oil product pipeline project, but that requires decisions by the Polish-owned crude refinery, informs LETA/BNS.