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International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 00:45

Belarusian freight ups July revenue, throughput of Klaipedos Nafta

BC, Vilnius, 07.08.2017.Print version
Growing oil product flows from Belarusian factories caused an increase of revenue and loading volumes at Lithuania's oil product terminals operator Klaipedos Nafta (Klaipeda Oil) in July 2017. Furthermore, the loading volumes were pulled up by higher freight turnover via the terminal's renovated tank vehicle pad, writes LETA/BNS.

Mindaugas Jusius, CEO at Klaipedos Nafta, said the start of the second half of 2017 made him optimistic.

 

"In July, freight traffic via the oil terminal grew by nearly 22%, mainly due to larger transit flows as a result of additional freight we managed to attract. The period was also intense at the Klaipedos Nafta terminal's tank vehicle site," Jusius said in a press release.

 

In July, crude throughput went up by 21.6% to 671,000 tons year-on-year, degasification of liquefied natural gas (LNG) soared by 64% to 1.668 million megawatt-hours and the company's revenue was up by 12.7% to 8.9 million euros.

 

The oil handling volume fell by 21% in January-July to 3.933 million tons year-on-year, while LNG degasification declined by 36% to 6.536 million megawatt-hours.

 

Over the period, Klaipedos Nafta's revenue went down by 6.3% to 61.3 million euros, including a decline by 19.4% to 20.8 million euros from oil product loading and other operations and an increase by 2.3% to 40.5 million euros from LNG degasification.





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