Oil

International Internet Magazine. Baltic States news & analytics Monday, 25.09.2017, 05:49

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Criminal case over possible insider trading in relation Ventspils Nafta shares closed

Criminal case over possible insider trading in relation Ventspils Nafta shares closed

24.08.2017

The Latvian State Police about six months ago closed the criminal case that was opened at the request by the financial regulator about possible insider trading and market manipulation in transactions with shares in Ventspils Nafta holding company back in 2015, reports LETA.

Keyword tags: Energy, Investments, Latvia, Legislation, Oil, Transport



Belarusian BNK: switching from Baltic to Russian ports not feasible

Belarusian BNK: switching from Baltic to Russian ports not feasible

23.08.2017

Belarusian exporters of oil products say that switching from Baltic ports to Russian ones is not in their interests, as Sergey Grib, head of the Belarusian oil products exporter BNK, said on August 21st, cites LETA/BNS/Interfax.

Latvian fuel sales rise 6.8% in H1

Latvian fuel sales rise 6.8% in H1

18.08.2017

With 642,341 tons of oil products (fuel) sold in Latvia in the first half of 2017, fuel sales picked up 6.84% or 41,000 tons against the same period in 2016, reports LETA, according to the information from the Excise Goods Administration of the Latvian State Revenue Service.


Poland's EnMin: Russian influence in Lithuania, Poland still extensive

Poland's EnMin: Russian influence in Lithuania, Poland still extensive

10.08.2017

After the Polish media leaked a secret recording of a conversation involving by former foreign minister Radoslaw Sikorski where he urged "to teach Lithuanians a lesson" in connection to Polish investments in a Mazeikiai refinery, Poland's Energy Minister Krzystof Tchorzewski says it indicates a strong Russian influence in Poland and Lithuania, writes LETA/BNS.

Klaipedos Nafta's profit down 37% in H1

Klaipedos Nafta's profit down 37% in H1

31.07.2017

Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) netted 7.389 million euros in profit in the first half of 2017, down by 37%, from 11.722 million euros, year-on-year, informs LETA/BNS.


27.07.2017

Ventspils Nafta sells controlling stake in VNT to Dutch company

Latvian holding company Ventspils Nafta has sold 51% of shares in Ventspils Nafta Tranzits (VNT) stevedore to Dutch company Martank, which also is part of Vitol group, for EUR 43.7 million, Ventspils Nafta announced, cites LETA.

21.07.2017

Orlen Lietuva posted a smaller profit in H1

Polish-owned Lithuanian oil company Orlen Lietuva posted a net profit of 81 million euros (USD 93 mln) for the first six months of 2017, down 27%, from 111.5 million euros (USD 51 mln), a year ago, reports LETA/BNS.

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