Thu 6 Oct 2011 07:48

Lithuanian oil terminal posts 21% income rise


Klaipeda facility announces income surge for the first nine months of 2011.



Lithuanian oil terminal operator Klaipedos Nafta has announced that preliminary income in the first nine months of 2011 was 21 percent higher than during the corresponding period in 2010.

Income up until the end of September rose to LTL 109,3 million (EUR 31,6 million), up from LTL 90,1 million (EUR 26,1 million) during the first nine months of 2010.

Revenues for Klaipedos Nafta last month amounted to LTL 8,6 million (EUR 2.5 million), 13 percent less than in September 2010. The company said this was due to a trial batch of 78,000 tonnes of crude oil being imported from Venezuela to Byelorussia during the month of September.

In September 2011 the company said it reloaded 547,000 tonnes of oil products into tankers - 12 percent less than in September 2010 - and discharged 581,000 tonnes of oil products into its storage tanks, representing a 1 percent decline on last year.

The Klaipeda facility mostly ships exports of oil products from Russian, Lithuanian, and Belarusian refiners. Last year it handled 7.9 million tonnes of oil products.

Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.

Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.

Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.

Stanley George, VPS Group Technical and Science Manager, VPS. How to engineer and manage green shipping fuels | Stanley George, VPS  

Effective management strategies and insights for evolving fuel use.

Sweden flag with water in background. Swedish government bans scrubber wastewater discharges  

Discharges from open-loop scrubbers to be prohibited in Swedish waters from July 2025.

The ME-LGIA test engine at MAN's Research Centre Copenhagen. MAN Energy Solutions achieves 100% load milestone for ammonia engine  

Latest tests validate fuel injection system throughout the entire load curve.

Terminal Aquaviário de Rio Grande (TERIG), operated by Transpetro. Petrobras secures ISCC EU RED certification for B24 biofuel blend at Rio Grande  

Blend consisting of 24% FAME is said to have been rigorously tested to meet international standards.

Avenir LNG logo on sea background. Stolt-Nielsen to fully control Avenir LNG with acquisition  

Share purchase agreement to buy all shares from Golar LNG and Aequitas.

Seaspan Energy's 7,600 cbm LNG bunkering vessel, s1067, built by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. Bureau Veritas supports launch of CIMC SOE's LNG bunkering vessel  

Handover of Seaspan Energy's cutting-edge 7,600-cbm vessel completed.

The world's first methanol-fuelled container ship, Laura Maersk. Methanol as a marine fuel | Steve Bee, VPS  

How environmental legislation has driven the development of low-sulphur fuels and methanol-ready ships.


↑  Back to Top