• Most Popular
  • Most Shared

Klaipedos 10-month oil loadings up 51 pct on year

Wed Nov 5, 2008 5:33am EST

VILNIUS, Nov 5 (Reuters) - Lithuania's state-owned oil terminal Klaipedos Nafta <KNF1L.VL) reloaded 6.8 million tonnes of oil products, a rise of 51 percent, in the first 10 months of 2008 compared to 4.5 million tonnes loaded in the same period a year ago, it said on Wednesday.

In September loadings totalled 0.56 million tonnes compared to 0.33 million tonnes same month in 2007.

The terminal said in statement its earnings have already exceeded this year's projections and have reached 98.4 million litas ($36.58 million) in the first 10 months.

It added that its results were better than expected due to increased oil products transhipments from Russian and Belarusian refiners, and renewed loadings from Lithuania's refiner Mazeikiu Nafta.

Mazeikiu, a part of Polish oil group PKN Orlen PKNA.WA, returned to full refining rates at the beginning of this year after restoring its main vacuum distillation unit, which was badly damaged by a fire two years ago.

($1=2.69 Lithuanian Litas)

(Reporting by Nerijus Adomaitis)



More from Reuters

A boy looks for recyclable items in the polluted waters of the Yamuna river in New Delhi December 9, 2009. REUTERS/Rupak De Chowdhuri

U.N. Climate Change Conference

Welcome to our live coverage of the U.N. Conference on Climate Change. This is your space to respond to our panalists and voice your views on the events at COP15.  Full Coverage 

    Discovery Communications Wellness Center medical technician Charline Faison notes patient medical information during an appointment at the clinic in the Discovery Communications headquarters buildingin Silver Spring, Maryland December 3, 2009. Credit: REUTERS/Jim Bourg

    House calls at the office

    Companies like Discovery say they've found a way to save millions in annual health insurance costs and provide better healthcare for their employees.  Full Article 

    Healthcare Reform
    Felix Salmon

    The banking revolution?

    A couple of firms you've probably never heard of have a few ideas that could revolutionize the broken consumer banking system, says Felix Salmon.  Full Article 

    Felix Salmon