Cars | Culture | Education | Finance | Fun | Homes | Legal | Religion | Travel

Russia stops Lithuania refinery oil supply

Posted : Thu, 22 Nov 2007 17:25:29 GMT
By : Business News Editor
Category : Finance (General)
News Alerts by Email ( click here )
Finance General News | Home
WARSAW, Poland, Nov. 22 Russia has announced it will stop supplying oil to a Polish-owned refinery in Lithuania because its "Friendship" pipeline link was damaged beyond repair.

Poland's PKN Orlen oil company acquired the Lithuanian Maziekiu oil refinery for $2.5 billion in 2006 when it outbid Russian contenders, the Polish News.pl Web site reported Thursday.

Viktor Christienka, Russian industry and energy minister, Wednesday told the Lithuanian daily Lietuvos Rytas the refusal to continue supplying oil via the pipeline cannot be considered as Moscow's revenge on Polish acquisition of the refinery.

Christienka said the repair of the "Friendship" link to the Maziekiu refinery in Lithuania was not feasible and added no "political causes" should be seen in Russia's decision to stop using the pipeline.

The Maziekiu refinery will have to begin using tankers sailing in the Baltic Sea to transport oil, a much more costly means than the pipeline, Polish Radio said.

Copyright 2007 by UPI

Share/Save/Bookmark

Article : Russia stops Lithuania refinery oil supply
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News



Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  


 

More Finance (General) News click here | Travel Guide
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 

 

The Earth Times
News Category

© 2010 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.