Wed, 22 Sep 2010: Nationalism may delay LNG project…
Sep 22, 2010 Baltics
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&...Tags: Baltic Port, Baltic States, Bp, Bp Plc, Budget, Cubic Meters, European Commission, Klaipeda, Lithuania, Lng Terminal, Nafta, Nationalism, Owned Company, Rsquo
Wed, 1 Oct 2008: Russia throws down Druzhba gauntlet …
Oct 1, 2008 Baltics
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 ...Tags: Baltic Times, Businessmen, Committee Chairman, Communications Department, Department Director, Dialogue, Druzhba, Gauntlet, Lithuania, Nafta, Oil Refinery, Pipeline, Political Rhetoric, Proposals, Russia, Russian Ambassador, Seimas, Suggestion
Wed, 16 Jul 2008: Polish to buy gov. oil…
Jul 16, 2008 Baltics
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, ...Tags: Authorities, Closure, Euros, Expiry, Investments, Nafta, Pkn Orlen, Profitability, S Board, Share Price, Share Purchase, Zlotys
Wed, 5 Mar 2008: Mazeikiu mulls three pipeline routes…
Mar 5, 2008 Baltics
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...Tags: First Option, Latvia, Liepaja, Lithuanian Government, Lithuanian Railway, Loading Oil, Nafta, Oil Products, Oil Terminal, Oil Transportation, Opposition, Pipeline Routes, Pkn, Stake, State Railway, Tankers, Transportation Market, Ventspils, Wed 5
Wed, 3 Oct 2007: Mazeikiai refinery woes deepen on all fronts…
Oct 3, 2007 Baltics
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...Tags: Exact Figures, Finance Ministry Officials, Late September, Mazeikiai, Nafta, Pkn Orlen, Poland, Profit Tax, Refinery, Six Weeks, Tax Payments, Tens, Woes
Wed, 5 Sep 2007: Poles eye Baltic gas stations…
Sep 5, 2007 Baltics
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...Tags: Desire, Fuel Stations, Gas Stations, Heartland, Latvia, Lithuania, Lithuanian Government, Lithuanian State, Nafta, Poland, Wed 5
Wed, 8 Aug 2007: Lithuanian economy up 8.1 percent in first half of 2007…
Aug 8, 2007 Lithuania
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 ...Tags: Baltic News Service, Bankas, Chief Analyst, Consumer Expectations, Domestic Consumption, Economy, Estonia, Export Figures, Fundamental Factors, Gdp, Industrial Export, Latvia, Lithuania, Lithuanian, Nafta, Real Estate Prices, Second Half
Wed, 25 Jul 2007: PKN Orlen plans modernization…
Jul 25, 2007 Baltics
"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...Tags: Current Situation, Interested Parties, Modernization, Nafta, Natural Gas Pipeline, Natural Gas Supply, Nine Months, Oil Product, Orlen, Technological Aspects
Wed, 31 Jan 2007: PKN Orlen calls for mandatory buyout…
Jan 31, 2007 Baltics
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...Tags: Fuel Company, Lithuanian Government, Nafta, Outstanding Stock, Percent Stake, Pkn Orlen, Refinery, Republic Of Lithuania, Retail Fuel, Russia, Shares
Wed, 24 Jan 2007: PKN Orlen signs five-year delivery deal, promises investment for Mazeiki…
Jan 24, 2007 Baltics
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...Tags: Central And Eastern Europe, Ceo, Crude Oil Supply, Current Market, Friendship, Investment, Middleman, Nafta, Oil Trader, Pipeline, Pkn Orlen, Refiner, Signs, Supply Contract, Takeover
Wed, 20 Sep 2006: Lithuanian refinery looks to diversify supply and cut costs…
Sep 20, 2006 Lithuania
"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...Tags: Baltic News Service, Communication Director, Druzhba Pipeline, Economy Minister, Mazeikiai, Measures, Nafta, Refinery, Service Economy, Supply Disruption, Tankers, Vytas
Thu, 7 Sep 2006: State agency approves Ventspils Nafta sell-off …
Sep 7, 2006 Baltics
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....Tags: Auction Price, Dutch Auction, Economy Minister, Investors, Lats, Nafta, Naftas, Parex Bank, Percent Stake, Selloff, Shareholder, Unsold Stock, Ventspils
Wed, 16 Aug 2006: Refinery woes persist, though Poles remain as determined as ever…
Aug 16, 2006 Baltics
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...Tags: Commercial Interests, Decisions, Economy Minister, Gediminas, Nafta, Pipeline Supplies, Political Decision, Political Motivations, Prime Minister, Refinery, Tankers, Woes
Wed, 9 Aug 2006: Poles ponder Ventspils oil terminal…
Aug 9, 2006 Baltics
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...Tags: Auction, Bidders, Consortium, Control, Economy Minister, High Profile, Ibs, Investment Firms, Nafta, Naftas, Oil Terminal, Parex Bank, Percent Stake, Private Firm, Privatization Agency, Riga Stock Exchange, Ventspils
Wed, 14 Jun 2006: Lithuania itching for black gold…
Jun 14, 2006 Lithuania
"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," ...Tags: Auctions, Black Gold, Decline, Lithuania, Nafta, Oil Production
Wed, 14 Jun 2006: Lithuania wants to hedge refinery deal…
Jun 14, 2006 Lithuania
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...Tags: Currency Fluctuations, Dollar Rate, Economy Minister, Futures, International Banks, Lithuania, Nafta, Rate Changes, Refinery, Stake
Wed, 10 May 2006: U.S. court keeps injunction in place as Lithuanians near refinery deal…
May 10, 2006 Lithuania
"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...Tags: April 13, Authorities, Bankruptcy Court, Deputy Minister, Economy, Injunction, Interim Measures, Nafta, New Investor, Percent Stake, Refinery, Task Group, Yukos
Wed, 3 May 2006: Kazakh is set to arrive for resumption of talks…
May 3, 2006 Baltics
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...Tags: Crude Oil Production, Injunction, Kazakh, Kazakhs, Moscow Court, Nafta, Percent Stake, Pkn Orlen, Polish Company, Production Capacities, Resumption, Yukos
Wed, 22 Mar 2006: Cabinet ministers exchange conflicting ideas about refinery amid new rou…
Mar 22, 2006 Baltics
"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. ...Tags: Cabinet Ministers, Capital Markets, Intention, Investor, Lithuania, Nafta, News Conference, Refinery, Stake
Wed, 28 Sep 2005: Statoil to diversify gas supllies…
Sep 28, 2005 Baltics
"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...Tags: Blums, Diesel Fuel, Diversity, Global Trend, Government Officials, Latvija, Nafta, Norway, Punitive Damages, Refinery, Retail Prices, S Trading, Scandinavia, Statoil
Wed, 7 Sep 2005: Talks with Yukos give cause for hope…
Sep 7, 2005 Baltics
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...Tags: Ahead, Baltic News Service, Economy Minister, Economy Ministry, Hope 2, Lithuania, Nafta, Negotiating Team, Percent Stake, Proposal, Russian Company, Technicalities, Yukos
Wed, 16 Feb 2005: Yukos crude flow resumes after five-day dry spell…
Feb 16, 2005 Baltics
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...Tags: Dry Spell, Feb 2005, Glitch, Lietuvos Rytas, Monopoly, Nafta, Oil Company, Oil Pipeline, Oil Production, Refinery, Resumes, Russia, Russian Authorities, Steven Theede, Subsidiaries, Subsidiary, Supply Crisis, Supply Interruptions, Yukos
Thu, 24 Jul 2003: New oil trading house in Latvia…
Jul 24, 2003 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...Tags: Baltic Market, Blums, Development Opportunities, Eu Accession, Latvia, Latvian Market, Nafta, New House, New Oil, Oil Trade, Oil Trading, Trade House