Lithuanian foreign trade figures have improved early this year due to growing exports and falling imports.In the first quarter of…
Lithuania's national gas trading company Litgas has made a profit of €4.9 million on revenues of €209 million in 2015.The…
Russia’s economy will likely contract gradually over the next three to four years and then become increasingly socialized, as the…
The failure of oil-exporting countries to agree in Doha on freezing production is beneficial to Lithuania and other oil importers,…
Each Russian leader picks a subject he is an expert in and Vladimir Putin's subject is history. "That is why…
Petrol prices in Lithuania's filling stations went up slightly since the beginning of the month, following an extended lull.Industry representatives…
With Iran eager to enter the global oil market and both Russia and Saudi Arabia desperate to stay in the…
Orlen Lietuva profits jumped to €217 million last year after a loss of €109 million in 2014 yet the company…
With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania…
Lithuanian and Latvian law enforcement officers are investigating an organized crime group suspected of illegal trade in oil products. [...]
Lithuania-based oil refining company Orlen Lietuva generated a net profit of €217 million ($227 million) last year. [...]
Russian oil will be once again supplied to the Orlen Lietuva oil refinery in Mažeikiai as the new head of…
The Russian oil company Lukoil has announced it is selling off its assets in Lithuania and Latvia, according to Interfax…
Lithuania is preparing to establish a Liquefied Natural Gas (LNG) centre of excellence in Klaipėda. Within a month, the heads…
The drilling of the Tidikas-1 exploration well on the Raseiniai licence onshore Lithuania has been successfully completed by the energy…
Orlen Lietuva benefits from restructuring and very favourable macroeconomic conditions. Production capacity utilisation reached 86 percent in the second quarter…
According to the data of the Lithuanian Geological Survey (LGT) under the Ministry of Environment, the Šilutė-Tauragė area (in Western…
State company Klaipėdos Nafta during December 2014 reloaded 640 thousand tonnes of oil products into its storage tanks, greater by…
The Lithuanian Geological Survey (LGT) has launched a strategic environmental impact assessment (EIA); its findings will determine whether oil could…
The liquefied natural gas (LNG) terminal in the Lithuanian port city of Klaipėda officially opened its commercial operations on the…