Wed, 22 Sep 2010: Nationalism may delay LNG project…

The terminal will have a capacity of up to 3 billion cubic meters a year. That is 500 million cubic meters more than the country’s demand last year, according to BP Plc. In July, Lithuania&...

Wed, 1 Oct 2008: Russia throws down Druzhba gauntlet …

30. The ambassador made the comment to respond to a suggestion by Seimas Committee Chairman Justinas Karosas. However according to executives at Mazeikiu Nafta Baltic oil refinery which would be ...

Wed, 16 Jul 2008: Polish to buy gov. oil…

dollars per share, from three to five years after the closure of the deal. If the shares were sold earlier, the share price would be 4.0205 U.S. dollars or 284.45 million U.S. dollars in total, ...

Wed, 5 Mar 2008: Mazeikiu mulls three pipeline routes…

The first option would be to the Butinge oil terminal, which it owns, and would require building an offshore buoy for loading oil products onto tankers. The second option, to Klaipeda, would be m...

Wed, 3 Oct 2007: Mazeikiai refinery woes deepen on all fronts…

26, said the amount of lost revenue would in the end add up to tens of millions of litas. Sadzius did not provide exact figures, but other Finance Ministry officials have said that they have red...

Wed, 5 Sep 2007: Poles eye Baltic gas stations…

When it comes to Estonia, the decision has not yet been made." "Most likely we will rebrand the stations Orlen instead of Ventus," Heydel said, adding that he anticipated building up to around 10...

Wed, 8 Aug 2007: Lithuanian economy up 8.1 percent in first half of 2007…

As a result, the latter two are particularly susceptible to an overheating and subsequently a hard-landing scenario. "Domestic consumption, which continues to grow on the back of strong consumer ...

Wed, 25 Jul 2007: PKN Orlen plans modernization…

"I hope that we will manage to reach agreement with all interested parties and will obtain all required approvals and permits, and will be able to start construction. The construction would take...

Wed, 31 Jan 2007: PKN Orlen calls for mandatory buyout…

Currently PKN Orlen owns 89.26 percent of the Mazeikiai-based refinery, which means the buyout will affect some 0.74 percent of outstanding stock. PKN Orlen said it will offer 10.25 litas (2.97 e...

Wed, 24 Jan 2007: PKN Orlen signs five-year delivery deal, promises investment for Mazeiki…

Kownacki was recently appointed CEO of PKN Orlen, the largest fuel refiner and retailer in Central and Eastern Europe. He takes the place of Igor Chalupec, who helped oversee the takeover of Maze...

Wed, 20 Sep 2006: Lithuanian refinery looks to diversify supply and cut costs…

"Mazeikiai Nafta is considering various alternative sources of crude supplies and has chosen the most effective route," Giedrius Karsokas, Mazeikiai Nafta's communication director, told the Baltic...

Thu, 7 Sep 2006: State agency approves Ventspils Nafta sell-off …

Under the plan, which was also approved by Latvijas Naftas Tranzits, the largest shareholder of Ventspils Nafta, the 38.62 percent stake will be sold via a so-called Dutch auction in various lots....

Wed, 16 Aug 2006: Refinery woes persist, though Poles remain as determined as ever…

It is difficult to project when the previous pressure will be restored and the pipeline will regain its capacities," Vavilov said at a meeting with Lithuanian Economy Minister Vytas Navickas. Va...

Wed, 9 Aug 2006: Poles ponder Ventspils oil terminal…

PKN Orlen representatives are planning to meet with Latvia's Privatization Agency and a consortium set up by Parex Bank, IBS Suprema and Suprema Securities, local investment firms acting as cons...

Wed, 14 Jun 2006: Lithuania itching for black gold…

"Our expansion plans in these countries have been put on hold due to a sharp increase in prices of facilities offered for sale at auctions, but we continue to watch the situation in the market," ...

Wed, 14 Jun 2006: Lithuania wants to hedge refinery deal…

dollar-litas rate changes the price of the Mazeikiu Nafta stake by approximately 8.5 million litas. Kestutis Dauksys, acting economy minister who signed an agreement on the sale of 30.6 percent o...

Wed, 10 May 2006: U.S. court keeps injunction in place as Lithuanians near refinery deal…

"We are making arrangements for the transaction and will seek to implement it in this particular way 's via the purchase of shares from Yukos and their sale to a new investor," said Nerijus Eiduke...

Wed, 3 May 2006: Kazakh is set to arrive for resumption of talks…

PKN Orlen has reportedly offered to pay $2.5 billion for a 94 percent stake in the crude refining and transportation complex. The Polish company is not considered a favorite since it currently do...

Wed, 22 Mar 2006: Cabinet ministers exchange conflicting ideas about refinery amid new rou…

"Today there is every possibility that Lithuania itself will hold the shares," he said at a news conference on March 15, explaining that there was no "single potential buyer" of Mazeikiu Nafta. ...

Wed, 28 Sep 2005: Statoil to diversify gas supllies…

"The company is already planning to increase supplies from Scandinavia in the near future," he said. Ulmanis added that Statoil Latvija, which is owned by Norway's Statoil, is buying diesel fuel m...

Wed, 7 Sep 2005: Talks with Yukos give cause for hope…

2, after technicalities had stalled the process for months. "This was a technical discussion. Next week I hope to get the missing additional information, which is required for the talks to go ahea...

Wed, 16 Feb 2005: Yukos crude flow resumes after five-day dry spell…

9 after a five-day suspension that had reportedly been caused by a glitch in payments to Transneft, Russia's oil pipeline monopoly. As a result Mazeikiu Nafta had to temporarily stop refining at a...

Thu, 24 Jul 2003: New oil trading house in Latvia…

A third terminal may be rented in future, depending on demand.Blums said that a decision on the terminals would be made within a month. He added that the trading house aims to start supplying fuel...
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