International Internet Magazine. Baltic States news & analytics
Saturday, 20.12.2014, 22:06
The European Parliament voted on Wednesday upon the proposal to reject the European Commission fuel quality directive, but it was not supported; the directive equalizes the treatment of engine fuels regardless of whether these are produced from oil or oil shale, LETA/Public Broadcasting reports.
Keyword tags: Energy, Estonia, EU – Baltic States, Legislation, Oil
AB Klaipedos Nafta and UAB AGA signed a three year memorandum of understanding related to the development of the infrastructure of the Liquefied Natural Gas (LNG) terminal in Lithuania, reports BC LETA/ELTA, referring to Vakaru ekspresas.
Stock Company Klaipedos Nafta during November 2014 reloaded 555 thousand tons of oil products into its storage tanks, greater by 82.6% than during November 2013, when 304 thousand tons were reloaded, writes LETA/ELTA.
Viru Keemia Grupp (VKG) announced of closing two shale oil factories, explaining the decision with the high price of oil shale bought from the state-owned Eesti Energia and sharply falling world oil prices, LETA/Postimees Online reports.
Net profit of Klaipedos Nafta for the 9 months of 2014 amounted to LTL 18 million (EUR 5.2 million) or less by 34.8% if compared to the same period of 2013 with LTL 27.6 million (EUR 8 million), reports LETA/ELTA.
Estonia's state-owned energy giant Eesti Energia informed the London Stock Exchange that it reached an agreement with Outotec over the Enefit280 oil plant, reports LETA.
State controlled company Klaipedos Nafta during October 2014 reloaded 498,000 tons of oil products into its storage tanks, greater by 35.0% than during October 2013, when 369,000 tons were reloaded. During ten months of 2014 the company reloaded 4.39 million tons of oil products into its storage tanks, by 14.7% lower than during ten months of 2013, writes LETA/ELTA.