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Wednesday 21.02.2018 | Name days: Eleonora, Ariadne

LatRosTrans starts pumping out the pipeline oil

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Having conducted detailed preparation and research work, experts give SIA LatRosTrans (LRT) the green light to pump out oil of its owned pipeline and to transfer it to a reservoir, the business portal BNN was informed by the company.

The process includes the pipeline is filled with nitrogen, which is more environment friendly. The technical work is being implemented in order the pipeline could restart operating in future. The company informs the first stage of the work is oil transfer to the reservoir. Having done that, the pipeline will be cleared and prepared for filling with nitrogen.

At the same time Belorussian oil concern Belneftehim has announced LatRosTrans starting to clear Polotsk – Ventspils pipeline causes losses to Belarus properties, as this oil is reported in Novopolotsk national oil transportation and processing company Družba balance, it was said in Belarus statement. The company announced it could protect its right by «legal and diplomatic means». At the same time they express hope the issue will be sold during negotiations. One of the suggestions is the company Družba inclusion in AS LatRosTrans shareholders list: Belarus would invest its part of the pipeline in the capital of the company.

Similarly Belneftehim considers that due to pumping of the technological oil both, Belarus and Latvia lose future perspectives of making use of it. Their experts believe the pipeline will no longer be usable for oil transit after pumping and filling it with the gas.

The embassy reminds this year Belneftehim has repeatably negotiated with Ventspils Nafta options to use LatRosTrans oil pipeline and Ventspils nafta terminal for oil transit to Belarus refineries. The Belorussian concern says LatRosTrans actions are not in correspondence with the policy of Latvia, not taking into consideration Latvia national interests and causing losses to both of the states.

BNN has already reported, Latvia could claim the technological oil, currently in LatRosTrans owned pipelines, worth at least 20 millions. Despite LatRosTrans stresses the oil belongs to them, reliable sources of BNN say the statement is not true. The oil in the pipeline has not been reported in the company’s balance, because when privatizing Ventspils nafta (when it was acquired by Vitol Group) it was not sold together with the company. If the oil had been included in the transaction, Ventspils nafta privatization deal would have been much more expensive, which was not desirable and acceptable.


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  1. Wiral_expert says:

    It seems that fights over the oil-ownership are always heated…

    Thumb up 0 Thumb down 0

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