Estonia, Gas, Markets and Companies, Oil

The operating environment of the company was affected macroeconomically by the decline in fuel prices and changes to the excise policy, Maardu Terminal said in its annual report.

Maardu Terminal is a partner to the Estonian Oil Stockpiling agency in the storage of Estonia's stocks of liquid fuel. In collaboration with Nordea Finance Estonia AS, Maardu Terminal AS is investing money in the establishment of small stations for refilling with liquefield natural gas (LNG) across Estonia.

By the end of 2016, it had completed local stations in the following towns and small towns of Estonia: Kuressaare, Paide, Mao, Voru and Tapa.

In 2016, the company employed 10 people, one more than in 2015. Worker payroll totaled 302,000 euros and remuneration of the member of the management board 56,000 euros.