The upgrading of the terminal facilities was funded by Klaipedos Nafta, “Tehnoprogress” reported, referring to the Republic’s Ministry of Energy. According to earlier reports the Klaipedos Nafta expects the first tankers with gasoline E-95 at the terminal by late January.
The upgraded terminal facilities improve loading and discharging of oil products from tank cars to tankers and from tankers to onshore tanks. The Ministry of Energy believes the new capacities of Klaipedos Nafta will compete with Polish PKN Orlen Oil Trust, the owner of Orlen Lietuva refinery in Mazeikiai. Alternative imports through Klaipedos Nafta will help to decrease the prices for gasoline in the country.
“So far, the major fuel market players had to buy gasoline and diesel from a monopolist Orlen Lietuva, with no competition present in the local market”, the Ministry of Energy reported.