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Saturday, 28.03.2015, 07:12
JSC Ventspils nafta the holding company, made a loss of 5.28 million EUR in 2014 (2013 loss of 28.15 million EUR), largely as a result of a 9.67 million EUR impairment (2013: 47.32 million EUR) recognised in respect of VN’s investment in LatRosTrans Ltd., reports BC VN’s press service.
Keyword tags: Energy, Investments, Latvia, Oil, Transport
In 2014, JSC Latvian Shipping Company (LSC) operated with a profit of 1.6 million EUR comparing to profits of 0.4 million EUR in 2013, reports BC communication consultant at JSC Latvian Shipping Company Elīna Dobulāne.
Estonia will become one of the car fuel exporting countries, when businessman Aleksei Skidanov, who was active in Russia's telecommunications business, will in three years' time launch a EUR 880 million petrol plant in Sillamäe, LETA/Postimees writes.
Orlen Lietuva and Belarusian cargo contribute to growth of Klaipedos Nafta's transshipment in February06.03.2015
In February 2015, Lithuania's Klaipedos Nafta reloaded 515,000 tons of petroleum products into its storage tanks of oil terminal and Subacius fuel base (SFB), i.e. by 18.9% more compared to February 2014, when 433,000 tons were reloaded, informs LETA/ELTA.
The sales of fuel sellers in Estonia fell in January 2015 as compared to the same period last year as much as by a quarter, LETA/Postimees Online cites Statistics Estonia data.
Ventspils nafta (Ventspils Oil) posted EUR 161.87 million in turnover in 2014, which is almost 3% less than in 2013 when the company's turnover totaled EUR 166.73 million. The company's losses decreased from EUR 61.21 million in 2013 to EUR 13.83 million last year, as Ventspils nafta representatives announced LETA yesterday.
Petroleum company Orlen Lietuva responded to concerns expressed publicly by Lithuanian Railways (Lietuvos Gelezinkeliai) over the company's finances. Orlen Lietuva said that the reduction of its authorised capital was not related to payment to shareholders but was used to cover losses, thus it will not affect solvency, informs LETA/ELTA.