June 13, 2018 [Tank News International] - AB Klaipėdos nafta (KN) is currently implementing investment stage II which includes plans to build 10 new oil product tanks, a new unloading rack and a new railway track.
After these projects are implemented, KN oil terminal will not only be able to reload bigger quantities of oil products, but also accept a wider range of oil products and their component types for reloading at a time.
During implementation of development projects until 2020 there are planned investments not only for infrastructure objects, but for environmental measures as well. A total amount of €4.4m is dedicated for pollution prevention and environmental technologies.
In May 2018 KN reloaded 637 thousand tonnes of petroleum products in Klaipėda and Subačius oil terminals, down from 668 thousand tonnes in 2017.
During the first five months of 2018 the company in total reloaded 3,079 thousand tonnes of petroleum products into its storage tanks, up 15.9 % compared to the same period of 2017 when 2,657 thousand tonnes were reloaded.
The overall increase in loading volumes for the five months were determined by increased transit cargo flows.
“Loading rates, compared to the same period last year, were higher because of our lasting work with clients and flexibility of terminal, which allows to reload different types of products. This year we are planning to continue exploiting our strengths and increase the efficiency of investments,” said Mindaugas Jusius, Chief Executive Officer of KN.
The preliminary sales revenue of the company’s oil terminals’ for May 2018 amount to €3.2m, down from €3.3m in the same period last year. The preliminary sales revenue for January – May 2018 of the Company’s oil terminals comprise €16.9m, up 16.6% compared to the same period of 2017.
The preliminary sales revenue of KN’s LNG Terminal for May 2018 is reported at €5.3m, down from €5.5m in the same period last year. The preliminary revenue of the LNG terminal for the first five months of 2018 comprise €27.3m, down 7.5% compared to the same period of 2017. Total preliminary sales revenue of the Company in first five months of 2018 is up 0.5% to €44.2m.
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