Lithuanian Mazheikiu Nafta reports on oil output

Jan 08, 2001 01:00 AM

Lithuania's Mazheikiu Nafta oil group said it had refined 4.897 mm tons of oil and oil products in 2000, an increase of 7.4 % on the year. The company said its pipeline transported 24.465 mm tpy of crude and diesel fuel, 13.7 % more than in 1999. Its oil terminal handled 3.48 mm tons of crude in 2000.
Mazheikiu Nafta is the country's biggest company and owns the only oil refinery in the Baltic states, the Butinge terminal and the Birzu pipeline system. In October 1999, the Lithuanian government sold a 33 % stake and management control in the oil complex to the US energy group Williams.

Source: Bridge News via Newspage
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