Oil

International Internet Magazine. Baltic States news & analytics Wednesday, 23.05.2018, 23:27

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OSO Factory planning shale oil factory in Estonian East-Viru County

OSO Factory planning shale oil factory in Estonian East-Viru County

23.05.2018

OU OSO Factory, a company founded one and a half years ago, is planning a shale oil factory on the border of the towns of Johvi and Kohtla-Jarve in East-Viru County in northeastern Estonia that would use up the fine oil shale that is created as a byproduct of the crushed stone produced from oil shale waste rock, the regional daily Pohjarannik reports, cites LETA/BNS.

Keyword tags: Energy, Estonia, Good for Business, Oil



Vitol: restrictions of shell companies not to affect working transit companies

Vitol: restrictions of shell companies not to affect working transit companies

21.05.2018

Legislative amendments that restrict operations of shell companies cannot affect transit companies that are actually working, therefore statements that the amendments will harm transit are not understandable, said Vitol Baltics board chairman Robert Kirkup, cites LETA.

Klaipedos Nafta's revenue up to EUR 35.5 mln in 4 months

Klaipedos Nafta's revenue up to EUR 35.5 mln in 4 months

09.05.2018

Lithuania's state-run oil and LNG terminals operator Klaipedos Nafta (Klaipeda's Oil) posted 35.5 million euros in revenue in the first four months of this year, up 1.1% from 35.1 million euros last year, reports LETA/BNS.


Orlen Latvija raises turnover by 29.5% in 2017

Orlen Latvija raises turnover by 29.5% in 2017

03.05.2018

Orlen Latvija, a subsidiary of Lithuanian fuel wholesaler Mazeikiu Naftos Prekybos Namai, turned over EUR 460.97 million in 2017, which was a 29.5% increase against a year before, while the company’s profit grew 28.1% to EUR 2.325 million, informs LETA, according to information available at Firmas.lv.

Klaipedos Nafta boosts Q1 net profit by 40%, revenue up 2%

Klaipedos Nafta boosts Q1 net profit by 40%, revenue up 2%

27.04.2018

Lithuania's state-controlled oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) said on Friday that its first-quarter net profit surged to 6.75 million euros, up 40.6% from 4.8 million euros in the same period last year, cites LETA/BNS.


12.04.2018

LatRosTrans nearly doubles profit in 2017

LatRosTrans oil pipeline operator, a subsidiary of Latvia's Ventspils Nafta group, last year made a profit of EUR 1.746 million or 1.8 times more than in 2016 but the company's turnover dropped 4.43% to EUR 10.025 million, writes LETA, according to Firmas.lv business information website.

06.04.2018

K2 to load oil products via Klaipedos Nafta

Klaipedos Nafta (Klaipeda Oil), the Lithuanian state-controlled oil and liquefied natural gas (LNG) loading company, will provide oil loading services to Switzerland's K2. The Klaipeda company said it had signed a long-term contract with the Swiss enterprise, informs LETA/BNS.

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