Oil

International Internet Magazine. Baltic States news & analytics Monday, 20.02.2017, 12:56

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Iranian oil might be delivered through Ventspils port

Iranian oil might be delivered through Ventspils port

16.02.2017

Belarus for the first time has purchased a batch of oil from Iran, and possibly it might be delivered via Latvia’s Ventspils port, Reuters learned from unofficial sources, writes LETA.

Keyword tags: Baltic States – CIS, Belarus, Good for Business, Latvia, Logistics, Oil, Port, Transport



9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

16.02.2017

EUR 465.75 mln in excise-duty from oil products sold in Latvia was collected last year, which is by EUR 37.43 mln or nine percent more than the previous year, according to information from the State Revenue Service writes LETA.

Olerex owners dismiss all members of management board

Olerex owners dismiss all members of management board

01.02.2017

The owners of the Estonian fuel trading company Olerex last week recalled the whole management board of the company, and starting from Jan. 25 Andres Linnas, one of the owners, is the sole member of the management board, reports LETA/BNS.


Klaipeda port welcomes its longest-ever tanker

Klaipeda port welcomes its longest-ever tanker

24.01.2017

The 285.41-meter-long Ridgebury Captain Drogin on Tuesday became the largest tanker ever to enter the Lithuanian seaport of Klaipeda, writes LETA/BNS.

10,000 liters of Neste MY Renewable Diesel produced from waste ham fat

10,000 liters of Neste MY Renewable Diesel produced from waste ham fat

24.01.2017

Last Christmas, 40,000 Finnish households donated the waste fat from their Christmas hams to the charity campaign "Kinkkutemppu" which literally translates into Ham Trick. From this waste ham fat, Neste produced 10,000 liters of Neste MY Renewable Diesel at its Porvoo refinery for sale at Neste stations, reports Neste representatives.


12.01.2017

Crude extraction in Lithuania down 15% to 77,000 cubic meters in 2016 y-o-y

Oil extraction companies working in western Lithuania extracted 77,370 cubic meters of crude last year, down by 15% from 2015. This was due to depleting crude resources in the deposits, says Jonas Satkunas, the head of the Geology Service LETA/BNS.

10.01.2017

Latvia's Ventspils Nafta Terminals oil terminal reloads 18.5% less oil products in 2016

Ventspils Nafta Terminals, a stevedore of Latvia's Ventspils Nafta Group, handled 7.5 mln tons of oil products in 2016, down 18.5% from 2015, the company said.

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