International Internet Magazine. Baltic States news & analytics
Thursday, 05.03.2015, 20:43
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.
JSC Ventspils nafta subsidiary Ventspils nafta terminals Ltd (VNT) transshipped 10.58 million tons of petroleum products in 2014. Volumes of the transshipped products have grown by nearly 10% compared to 2013 when 9.64 million tons of cargoes were transshipped. In turn, the petroleum product transportation volumes of LatRosTrans Ltd in this period reached 5.7 million tons, which is 5% more than in 2013 when were transported 5.5 million tons, repots BC Ventspils nafta.
SIA Venspils nafta terminals (VNT), which is one of the largest and most technologically advanced oil and petroleum products transshipment company in the Baltic States, took part in the Shadow Day, welcoming five students from Ventspils and the Kurzeme region. Four students were from Ventspils and Ugāle – two from each city, and one was from Druva, reports BC company’s press service.
Cheaper global oil prices present a "golden opportunity" for the European Union to advance its plans for a continent-wide energy union, a senior European Commission official said Friday, cites LETA/ELTA.
The Lithuanian company Klaipedos Nafta in January reloaded 632,000 tons of oil products into its storage tanks of oil terminal and the Subacius fuel base, more by 59.2% compared to January 2014, when 397,000 tons were reloaded, the company said in a report, cites LETA/ELTA.