International Internet Magazine. Baltic States news & analytics
Friday, 27.11.2015, 13:50
Joint-stock oil company Ventspils nafta and its subsidiaries operated with EUR 26.89 million in profit in the first nine months of the year 2015, informs LETA, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange.
Keyword tags: Energy, Good for Business, Latvia, Oil, Transport
Klaipedos Nafta (Klaipeda Oil), the Lithuanian petroleum product terminal operator, has resumed the reloading of vacuum gasoil from the Mozyr oil refinery after a nearly decade’s break and hopes that the flow of this type of cargo from Belarus will become regular, informs LETA/BNS.
Euromin Holdings (Cyprus) Limited (Euromin), a company of Vitol Group, has increased its stake in Latvia's Ventspils nafta holding company to 98.96% after the mandatory buyout offer, Euromin said in an announcement to "Nasdaq Riga" stock exchange, cites LETA.
The fuel retailer Statoil Fuel & Retail Latvia (Statoil) operated with EUR 393.6 million in turnover in 2014, which was 9% less than the previous year, reports LETA, according to Firmas.lv.
Orlen Lietuva, the Lithuanian unit of Poland's largest oil group Orlen, forecasts that refining margins will stay at a lower level until the end of the year due to seasonal reasons, informs BNS/LETA.
Lithuania’s state-controlled energy terminals operator Klaipedos Nafta (Klaipeda Oil) saw its revenues from reloading operations grow by 23% in the first ten months of this year from the same period last year, to 33.1 million euros, informs LETA/BNS.
The Lithuanian seaport of Klaipeda posted a 7% growth in cargo traffic for the ten months through October 2015 thanks mostly to increasing oil product and fertilizer volumes, the port's chief executive officer said on November 3rd, informs LETA/BNS.