Klaipedos Nafta, Oil Terminal, Sales Fall 12% in October

Klaipedos Nafta AB (KNF1L), Lithuania’s oil terminal on the Baltic Sea, said sales decreased 12 percent in October from the same period last year.

Sales fell to 10.1 million litai ($3.8 million) in October from 11.4 million litai last year, the Klaipeda-based company said in a statement to the stock exchange today. Revenue for the first 10 months of the year was 110.8 million litai, an 8 percent drop on year, the company said.

October sales “were significantly impacted by major maintenance at Mozyr oil refinery in Belarus and scheduled maintenance works at Russian oil refineries that are exporting their product through Klaipeda,” the company said. The terminal reloaded 544,000 tons of oil products during October, 15 percent less than a year ago, the company said.

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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