Oil

International Internet Magazine. Baltic States news & analytics Friday, 31.10.2014, 07:32

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In 9 months, transhipmrnts of Ventspils nafta subsidiaries were stable

In 9 months, transhipmrnts of Ventspils nafta subsidiaries were stable

30.10.2014

In the third quarter of 2014 Ventspils nafta terminals Ltd. (VNT), subsidiary of JSC Ventspils nafta” transhipped 2.05 million tons of oil and petroleum products. But transhipment amounts of LatRosTrans Ltd. (LRT) in the same period of time reached 1.35 million tons, which is 36% more than in corresponding period of 2013, informed BC Ventspils nafta press service.

Keyword tags: Baltic States – CIS, Energy, Latvia, Oil, Transport



Lithuanian oil producers about price drop

Lithuanian oil producers about price drop

30.10.2014

Lithuanian oil producers are worried: the fall of oil prices does not seem to end soon, which results both in lower income of their companies and the state budget, reports LETA/ELTA, referring to Lietuvos rytas.

In October, fuel prices drop to 4-year low in Latvia

In October, fuel prices drop to 4-year low in Latvia

28.10.2014

Following the global fall in prices of oil products, Neste Latvija repeatedly reduced fuel prices at all of 62 Neste Oil gasoline stations in Latvia, thus, fuel prices in Latvia have reached a four-year low, the company informed the business portal Nozare.lv, cites LETA.


Orlen Lietuva improves results in Q3 amidst pressure of operational costs

Orlen Lietuva improves results in Q3 amidst pressure of operational costs

23.10.2014

EBITDA LIFO result of Orlen Lietuva in the third quarter of 2014 amounted to USD 54 million and was higher by USD 58 million (year-on-year), supported by favourable macroeconomic environment in this period, informs LETA/ELTA.

Estonian PM: oil price, not environmental fees is the challenge of oil shale price

Estonian PM: oil price, not environmental fees is the challenge of oil shale price

22.10.2014

Estonian Prime Minister Taavi Rõivas said in the parliament information hour on Wednesday that the main challenge of the oil shale industry is still the price of oil and Estonia cannot unfortunately influence that with environmental fees, LETA/Public Broadcasting reports.

16.10.2014

Vedomosti: Russian oil companies seek alternatives to Latvian ports

During the Russian Energy Ministry's October 6 discussion on increasing the oil product transshipment amounts at Russian ports, Russian oil pipeline company Transneft suggested that this could be done at the expense of Latvian ports, business newspaper "Vedomosti" reports, cites LETA.

15.10.2014

Agreements between PKN ORLEN and Glencore Energy UK signed

Polski Koncern Naftowy ORLEN S.A. (PKN ORLEN) hereby informs that on 13 October 2014 it signed a spot agreement with Glencore Energy UK Ltd, London, United Kingdom (Glencore) for delivery of crude oil to AB ORLEN Lietuva (ORLEN Lietuva), reports LETA/ELTA.

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