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Thu 6 Oct 2011, 07:48 GMT

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.

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