Wed, 23 Jan 2008: Mazeikiu loses market share in 2007…



"It just shows that the market is open to other producers of petroleum products," he said about the loss of market share. Mazeikiu Nafta, which is owned by Poland's PKN Orlen, is contractually bound to supply obligations to Lithuanian customers. Komar said the refinery was forced to supply products from companies of the Orlen group or other producers. Lukoil Baltija, the largest fuel retailer in the country, has benefited from the refinery's woes. Raimundas Dabravalskis, the company's Baltic supply and logistics director, told the daily that the company had boosted the imports of diesel fuel from Russia by almost 70 percent in the second half of 2007. "Naturally, this had its effects on the market positions of Mazeikiu Nafta. Russia ... Read the rest of this entry »

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