Energy, Estonia, Oil

The concern's turnover was 216 million euros in 2012 and profit 34 million euros. In 2011, the turnover had been 184 million euros and profit 29 million euros.

The concern paid back 31 mln euros worth of loans and invested 27 million euros last year.

VKG board chairman Periit Rohumaa said that the oil industry won't achieve as good a result as in 2012 anymore since the profit figures of the next seven years will be affected by payments of loans that were taken for investments. The company's volume of loans taken for environmental investments and development projects has grown to 360 million euros.

The concern provides jobs for more than 2,000 people; it operates an oil shale mine, five oil shale processing plants and transport, montage and energy companies.