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B.L.B. Baltijas Terminals plans to renovate oil product terminal for EUR 2.5-3 mln

BC, Riga, 07.04.2017.Print version
The state owned stevedore B.L.B.Baltijas Terminals plans to renovate oil product reloading and storage terminal, said Riga Freeport Administration’s representative Vita Gerharde.

The estimated investments in the renovation project might be EUR 2.5-3 mln.

The goal of the renovation project is to increase efficiency and competitiveness, considerably reduce impact on the environment. B.L.B Baltijas Terminals will be the first oil product terminal to use recuperation systems for reloading crude oil products.

B.L.B. Baltijas Terminals has a share capital of EUR 7,053,531. According to business database, the company’s turnover in 2015 was EUR 13,427,039, and profit reached EUR 2,077,047.

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