Wed, 20 Mar 2013: Lithuanian energy group to enter the Latvian electricity market…

“Among our customers in Lithuania we have companies that are active across the region, e.g., Lukoil fuel chain, Tele2 telecom and Swedbank. Such customers have been asking about doing busine...

Wed, 26 Nov 2008: Food and fuel prices to plummet …

The price per liter for gasoline in Latvia was approximately .59 lat (.83 euro) for 95 octane at "Neste Latvija," "Viada" and "Lukoil" filling stations around the country. Food prices, most notab...

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 b...

Wed, 19 Sep 2007: Baltic's big hitters revealed…

Next is Lithuanian supermarket chain Maxima at 75th. The four Baltic respresentatives are Latvian IT reatiler Elko and electricity utility Latvenergo plus Lithuanian supermarket chains Rimi and M...

Wed, 28 Mar 2007: Latvian fuel market dominated by oligopoly: report…

In recent years the Competition Council has dogged fuel retailers, particularly after the sharp rise in prices at the pump two years ago. Government ministers have repeatedly turned to the counci...

Wed, 31 Jan 2007: Lukoil breaks into gasoline sector…

The gas is high-quality, European-standard (Euro 4 and Euro 5) and will be sold at Lukoil's filling stations, Lukoil Baltija R said in a statement. Haim Kogan, chairman of Lukoil Baltija R, said ...

Wed, 20 Dec 2006: Lukoil flexes downstream muscles…

Alekperov told the press that the Baltic retail fuel market was of strategic importance to Lukoil and that the company wanted to increase its market share in Latvia to 17 's 18 percent. According ...

Wed, 27 Sep 2006: Controversy around pending Mazeikiu Nafta sale…

25, opined that KazMunayGaz is propping up the value of the refinery, only to dig into its deep pockets and purchase it later. KazMunayGaz has reportedly suspected that PKN Orlen does not want to ...

Wed, 5 Jul 2006: Mazeikiu sanguine about crude deliveries…

"The crude supply figures can be misleading in making final conclusions," said Redas Kristanavicius, one of Mazeikiu Nafta's directors. Unless Russian politicians start putting hurdles in Mazeiki...

Wed, 29 Mar 2006: State conducting talks with three potential investors, Russia’s Lukoil, …

Late last year Lukoil and TNK-BP backed out of the process, saying Yukos was asking too much money for the stake. TNK-BP reportedly bid some $600 million for the stake, while Lukoil offered some ...

Wed, 8 Feb 2006: Talks with Yukos come up short, but set to continue this week in Vilnius…

He said Yukos officials had informed the Lithuanian side of its ongoing sale of Mazeikiu Nafta, the Baltics' only refinery and Lithuania's largest corporation, but he would neither disclose the na...

Wed, 1 Feb 2006: PKN Orlen, KazMunayGaz place second bid for Mazeikiu Nafta…

On Jan. 27 Poland's PKN Orlen and Kazakhstan's KazMunayGaz confirmed that they had submitted final bids for the stake in the Baltics' only refinery. According to unconfirmed information, the Poles...

Wed, 18 Jan 2006: Talks with Yukos on refinery about to begin amid rising stakes…

Bidders include Poland's PKN Orlen, Kazakhstan's KazMunayGaz, Russia's Lukoil and TNK-BP.The government, however, will try to persuade Yukos to sell the stake back to the state, which will then tu...

Wed, 7 Dec 2005: Government holds out for TNK-BP, hopes Yukos will cooperate…

According to reports, the state-owned Kazakhstan-based company bid $1.2 billion for the refinery, the only one in the Baltics, while TNK-BP offered only half that amount. Indeed, Prime Minister Al...

Wed, 30 Nov 2005: Yukos removes favorites TNK-BP, Lukoil from list of potential Mazeikiu b…

He said the government was shocked by Yukos' move. The embattled Russian company owns 53.7 percent of the refinery, the only one in the Baltics and Lithuania's largest enterprise. "We think it isn...

Wed, 12 Oct 2005: PM: Cabinet likely to choose TNK-BP…

12 to make a final decision. "We are heading toward starting negotiations with TNK-BP because in many ways it meets the requirements that, in our opinion, a company should meet," Brazauskas told L...

Wed, 5 Oct 2005: Adamkus concerned by air of favoritism surrounding possible refinery deal…

The president hopes the government will take account of its estimations as presented in the report on national security threats," Grumadaite said. According to media reports, Prime Minister Algird...

Wed, 28 Sep 2005: Mazeikiu Nafta: And then there were three…

In an interview with the Lietuvos Rytas daily, he confirmed that as early as March, Lukoil began talks with Yukos on purchasing the latter's majority stake in Mazeikiu Nafta.The government, which ...

Wed, 21 Sep 2005: State prepared to sell half its stake in Mazeikiu Nafta to strategic inv…

"We hope that the parliament will deliberate the bill, which we will submit tomorrow. We hope that the decision would empower us to pursue our plan, which envisages the rational use of funds that ...

Wed, 6 Jul 2005: Russian calls to stop sale of Mazeikiu stir new controversy, anxiety…

As much as I have heard from the media, I think it is a contradictory action interfering in contractual affairs of another country," Adamkus told Parliament June 30."It has complicated the matter,...

Wed, 29 Jun 2005: Kazakh oil company eyes Mazeikiu, Butinge…

We have technical possibilities for that," Timur Kulibayev, first vice president of KazMunayGaz. "I believe that in the near term, we could also consider refining crude at the Mazeikiu Nafta plant...

Wed, 8 Jun 2005: Speculation drives Mazeikiu stock to record high…

Baltic Holding was established by Gazprom-owned Gazprombank, which controls 55 percent of the Austrian company. Austrian companies Petrochemical Holding and Jurimex Commerz Transit control the rem...

Wed, 1 Jun 2005: Red carpets rolled out for TNK-BP…

We would then take other steps and put forward our proposals," TNK-BP President Robert Dudley told reporters after meeting with President Valdas Adamkus.Assuaging Lithuanians' most intractable fea...
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