Wed, 19 Oct 2011: Tallinn as horseshoe center…

The state lacks direct access to world seas where cargo transport is more favorable. Estonia has the deepest ports in the Baltic Sea, and since Kazakhs are interested in selling an average of 100...

Wed, 14 Sep 2011: Growth forecast reined in…

1, as it continues to work its way out of the second-deepest recession in Europe. The Baltic nation has grown at the fastest pace in the 27-member bloc this year, helped by rising demand for wirel...

Wed, 17 Aug 2011: Port expansion planned…

The cost of the new general cargo and container terminal, the construction of which will start in August, is expected to be 30 million euros. Ninety-five percent of the cargo moving via the Sill...

Wed, 18 May 2011: Builders’ risks worsen…

This concerns Estonia, as well as Latvia and Lithuania, despite some peculiarities in every market.” Merko, which competes with Tallinn-based Nordecon International, and the local units of ...

Thu, 27 Aug 2009: Officials discuss closer ties in new power plant project…

At the meeting, Veshnyakov told Kampars about Russia's proposals for further cooperation in the power industry with the European Union. Vehnyakov pointed out that it is important to discuss the i...

Wed, 14 May 2008: International oil trader seeks assurance in Latvia…

Vitol, a privately owned, Switzerland-based trader, entered the market in October 2006 after it purchased over a third of Ventspils Nafta, an oil terminal, at an open auction. Since then the in...

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, 9 Jan 2008: Ventbunkers sues Ventspils Nafta for $90 mln…

In 2006 Vitol Group bought a stake in Ventspils Nafta from the state, and later it also acquired a 49 percent stake in VNT. Ventbunkers, in the meantime, has been sidelined, and last March the fi...

Wed, 5 Dec 2007: Vitol Group still determined to transform Ventspils terminal into trading…

"We will use all opportunities to turn the terminal into an efficient trading hub, but it will need the right products, and it will have to meet the requirements of some countries to which we ha...

Wed, 27 Jun 2007: Kremlin envoy: Ventspils unlikely to see more oil…

Petersburg and the Primorsk oil terminal, which began operating at the end of 2001. "Our goal is to develop this infrastructure, to make it one of the largest and most competitive ports in the Bal...

Wed, 23 May 2007: Russian pressure relinquishes…

Finally, 27 trains crossed the border on May 21, he said. By comparison, Estonian Railway received an average of 35.2 trains daily in April. "So it is premature to talk about the previous rail fr...

Wed, 9 May 2007: Economic impact of Russian ire unclear, though several companies to take …

An industry insider told Reuters that Russia's exports of oil products to Estonian ports by rail would be reduced by 2 million tons, which is slightly less than one-half of April's total cargo tur...

Wed, 28 Mar 2007: EU officials to discuss Russian tariffs…

On some goods such as metal and oil products, Russia has imposed tariffs on exports via the Baltics that are two times higher than to ports in St. Petersburg, Primorsk or Novorossiisk. Sejane s...

Wed, 21 Mar 2007: Arrest, court decision alter disposition of forces in Ventspils’ oil tra…

For instance, in December a subsidiary of Ventspils Nafta 's Ventspils Naftas Tranzits 's refused to sign a new contract with Ventbunkers for oil products handling, thus squeezing out the latter ...

Wed, 14 Mar 2007: Court opens case into Ventspils deal…

According to a statement released by Ventbunkers, the appeal was based on serious violations of the competition law, factual errors, as well as a departure from the accepted decision-making pract...

Wed, 7 Mar 2007: Vitol Group to acquire 49 percent stake in Ventspils Nafta’s oil-related …

Much of Ventspils Nafta's assets, such as the Preses Nams publisher, are non-profile for Vitol. VNT was created in 2003 specifically to attract an investor who would help resuscitate oil flows t...

Wed, 28 Feb 2007: Investigators raise ante in ‘Ventspils affair’, detain two businessmen, …

Prosecutors announced the next day that Vaivads had been detained on suspicion of having pocketed large sums of unreported cash, including laundered funds, either on his own or via offshore compan...

Wed, 25 Oct 2006: Vitol Group aims to create ‘Rotterdam’ of the Baltics…

"In Rotterdam and other places, Vitol performs a type of manufacturing, refining oil products and adjusting oil product quality to various technical and chemical requirements for different markets...

Wed, 13 Sep 2006: Austrian investor determined to take over Ventspils Nafta…

The Economy Ministry, however, responded by saying it would not change its plans. In interviews to Latvian media, Cordt said that he and other Austrian investors would buy a majority stake in Ven...

Wed, 11 Jan 2006: Latvijas Gaze to seek higher tariff…

"The agreement we have with Russia has been signed only for a year. An agreement on the amount of gas deliveries is valid until 2015, but it is planned to sign a new agreement on the price with [R...

Wed, 16 Nov 2005: Dollar hits high against litas…

If the dollar does continue to climb, Lithuania's euro plans could be derailed, local media reported. The stronger the dollar, the faster prices will rise. In Lithuania, inflation has picked up pa...

Thu, 21 Aug 2003: Baltic ports to sustain role in Russian transit…

"However, Russia's Ministry of Transportation has already announced that due to the pressure from [the World Trade Organization] the rates will be changed."For Estonia the issue has tremendous eco...

Thu, 24 Jul 2003: Port files claim against fuel retailers…

The agreement also outlined minimum and maximum amounts of oil products that could flow through the terminal, as well as a deadline for completion of the terminal's construction.Riga Port claims t...
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