International Internet Magazine. Baltic States news & analytics
Monday, 20.10.2014, 12:41
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.
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.
The preliminary sales revenues of Klaipedos Nafta for September 2014 comprise LTL 8.2 million (EUR 2.4 million) that are lower by 11.8 % compared to the sales revenues for September 2013 (i.e. LTL 9.3 million/EUR 2.7 million), reports LETA/ELTA.
One of the key energy and commodity trading companies in the world, Ventspils nafta (Ventspils Oil) biggest shareholder Vitol has opened representative office in the Baltic states that is located in Riga, as the company informed Nozare.lv, cites LETA.
Half-year net profit of JSC Ventspils Nafta and its subsidiaries (the Group) in 2014 reached 4.35 million euro. Revenue of the Group is made of income from the shipping business – 34.5 million euro and income from transshipment, storage and transportation of petroleum products – 54.5 million euro, informed BC communication consultant at JSC Ventspils Nafta Elina Dobulane.
Lithuanian President Dalia Grybauskaite has appointed a new energy minister, Rokas Masiulis, reports LETA/ELTA.
Several Russian oil and war industry companies will suffer from the new European Union (EU) sanctions, the U.S. magazine Wall Street Journal reported on Sunday, cites LETA.