Wed, 19 Oct 2011: Tallinn as horseshoe center…
Oct 19, 2011 Estonia
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...Tags: Baltic Sea, Canada, Canadians, Cargo Transport, Central Europe, Coal, Direct Access, Fertilizers, Mediterranean, Metals, Moscow, Oil Company, Oil Products, Ports, Rail Connections, Rsquo, Tallinn, Western Europe
Wed, 14 Sep 2011: Growth forecast reined in…
Sep 14, 2011 Baltics
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...Tags: Baltic Nation, Bloc, Ericsson, Europe, Finance Ministry, Oil Products, Pace, Ports, Recession, Risk, Russian Oil, Statistics Office, Stockholm, Uncertainty, Wireless Network Equipment
Wed, 17 Aug 2011: Port expansion planned…
Aug 17, 2011 Baltics
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...Tags: Board Chairman, Cis States, Container Terminal, Europe, General Cargo, Ninety Five, North South Direction, Oil Products, Partner, Port Expansion, Russia, Tallinna, Transit Cargo, Vahi
Wed, 18 May 2011: Builders’ risks worsen…
May 18, 2011 Baltics
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 ...Tags: Contracting Authority, Estonia, Finland, Fourth Quarter, Input Prices, Latvia, Lithuania, Merko, Metals, Ncc, Oil Products, Peculiarities, Public Institutions, Quarter Loss, Risk, Rsquo, Sidel, Skanska, Sweden, Yit
Thu, 27 Aug 2009: Officials discuss closer ties in new power plant project…
Aug 27, 2009 Baltics
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...Tags: Cooperation, Electronic Devices, Eu Countries, European Union, Export Goods, Food Products, Fuel Oil, Gas Suppliers, Import Goods, Latvia, Metals, Mutual Partnership, Mutual Responsibilities, Oil Products, Power Plant Project, Proposals, Russia Food, Statistical Bureau, Ties, Transit Countries
Wed, 14 May 2008: International oil trader seeks assurance in Latvia…
May 14, 2008 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...Tags: Businessmen, Damages, International Oil, Investor, Investors, Latvia, Naftas, Oil Products, Oil Terminal, Oil Trader, Open Auction, Percent Stake, Shareholders, Subsidiary Company, Switzerland, Ventspils Nafta, Vitol, Vnt
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, 9 Jan 2008: Ventbunkers sues Ventspils Nafta for $90 mln…
Jan 9, 2008 Baltics
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...Tags: Administrative District, Competition Council, Cyprus, Mln, Oil Product, Oil Products, Percent Stake, Subsidiary, Ventspils Nafta, Vitol Group
Wed, 5 Dec 2007: Vitol Group still determined to transform Ventspils terminal into trading…
Dec 5, 2007 Baltics
"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...Tags: Bizness, Cargo Shipments, Countries, Hub, Infrastructure, Oil Product, Oil Products, Product Pipeline, Railway, Ventspils Nafta, Wed 5
Wed, 27 Jun 2007: Kremlin envoy: Ventspils unlikely to see more oil…
Jun 27, 2007 Baltics
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...Tags: Baltic Sea, Black Sea, Crude Oil, Infrastructure, Kremlin, Latvia, Oil Products, Oil Terminal, Pipeline, Ports, Reversal Of Fortune, Russia, Sea Coast, Throughput, Train, Ventspils
Wed, 23 May 2007: Russian pressure relinquishes…
May 23, 2007 Baltics
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...Tags: Border, Deliveries, Freight Volumes, Investments, News Agency, Oil Products, Owned Company, Ports, Rail Freight, Railway, Reuters, Russian Railways, Spokesman, Steep Drop, Substantial Change, Trains
Wed, 9 May 2007: Economic impact of Russian ire unclear, though several companies to take …
May 9, 2007 Baltics
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...Tags: Andrus Ansip, April, Cargo Owners, Cargo Turnover, Coal, Confidence, Containers, Delivery Schedule, Economic Impact, Estonia, Estonian Railways, Fertilizer, Industry Insider, Oil Products, Ports, Prime Minister, Reuters, Russia, Russian Railways, St Petersburg
Wed, 28 Mar 2007: EU officials to discuss Russian tariffs…
Mar 28, 2007 Baltics
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...Tags: Baltics, Bretton Woods Agreement, Committee Members, Economy, International Trade, Massive Abuse, Novorossiisk, Oil Products, Organization Membership, Ports, Post War, Primorsk, Russia, St Petersburg, Tariff Policy, Tariffs, Trillion, Umbrella, World Trade Organization, Wto
Wed, 21 Mar 2007: Arrest, court decision alter disposition of forces in Ventspils’ oil tra…
Mar 21, 2007 Baltics
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 ...Tags: Businessmen, Court Decision, International Oil, Lucrative Business, Naftas, New Contract, Oil Products, Oil Trading, Oleg, Open Auction, Percent Stake, Shareholders, Stepanov, Subsidiary, Ventspils Nafta, Vnt
Wed, 14 Mar 2007: Court opens case into Ventspils deal…
Mar 14, 2007 Baltics
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...Tags: Competition Council, Competition Law, Competition Watchdog, Court Case, Dominant Position, Factual Errors, Oil Products, Ventspils, Vnt
Wed, 7 Mar 2007: Vitol Group to acquire 49 percent stake in Ventspils Nafta’s oil-related …
Mar 7, 2007 Baltics
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...Tags: Assets, Baltic States, Cyprus, Directio, Investor, Oil Flows, Oil Products, Percent Stake, Preses, Profile, Subsidiary, Ventspils Latvia, Ventspils Nafta, Vitol, Vnt
Wed, 28 Feb 2007: Investigators raise ante in ‘Ventspils affair’, detain two businessmen, …
Feb 28, 2007 Baltics
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...Tags: Business Center, Businessmen, Investigators, Offshore Companies, Oil Products, Oil Transit, Premises, Prosecutors, Sums, Suspicion, Ventspils Nafta
Wed, 25 Oct 2006: Vitol Group aims to create ‘Rotterdam’ of the Baltics…
Oct 25, 2006 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...Tags: Attempts, Baltic Sea Region, Baltics, Cubic Meters, Oil Product, Oil Products, Product Quality, Reservoir Park, Rotterdam, Special Interest, Takeover, Ventspils Nafta, Vitol
Wed, 13 Sep 2006: Austrian investor determined to take over Ventspils Nafta…
Sep 13, 2006 Baltics
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...Tags: Baltic Sea, Dismay, Economy Ministry, Intention, Interviews, Investor, Investors, Lnt, Majority Interest, Majority Stake, Oil Products, Telegraf, Ventspils Nafta
Wed, 11 Jan 2006: Latvijas Gaze to seek higher tariff…
Jan 11, 2006 Baltics
"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...Tags: Gas Consumption, Gas Deliveries, Gas Tariffs, Gaze, Gazprom, July 1, Latvia, May 1 2006, Natural Gas, Oil Oil, Oil Products, Russia, Russian Gas, Tariff Proposal
Wed, 16 Nov 2005: Dollar hits high against litas…
Nov 16, 2005 Baltics
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...Tags: Dollar Value, Economics Department, Inflation, Latvia, Leads, Litas, Local Media, Metals, Oil Products, Pace, Percentage Points, Raw Materials
Thu, 21 Aug 2003: Baltic ports to sustain role in Russian transit…
Aug 21, 2003 Baltics
"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...Tags: Baltic Countries, Baltic Ports, Crude Oil, Economic Importance, Economy Ministry, Last Several Years, Ministry Of Transportation, Oil Products, Oil Transit, Redirect, Russia, Russian Government, Russian Oil, Ukraine, World Trade Organization
Thu, 24 Jul 2003: Port files claim against fuel retailers…
Jul 24, 2003 Baltics
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...Tags: Construction Claims, Fuel Retailers, Investments, Lats, Latvija, Maximum Amounts, Nine Months, Oil Products, Port Files, Statoil