« Archives in February, 2011

Rudolf Meroni: Under pressure from the Minister of Transport Litasco agrees to lift fuel oil

February 14, 2011 / posted in LITASCO, Ventbunkers / No Comments

On February 14th, 2011 AS Ventbunkers published a press release concerning the ongoing conflict with LUKOIL daughter company LITASCO.

“Riga, Latvia:  Uldis Augulis, the Latvian Minister of Transportation, held an emergency meeting on February 9th, 2011. The meeting was held to find a solution to the 1700 rail car tankers Lukoil subsidiary Litasco has backing up the Latvian railway system.

The meeting took place at 4 pm in the Ministry of Transportation. Representatives from the Ministry, Latvian Railways (LDZ), Latvian customs authority, Ventbunkers (VBU) and Litasco attended. All parties were summoned to find a solution to the emergency situation on the railways caused by 1700 railcar tankers containing Litasco fuel oil.
…”

The full press release as PDF file: 20110214-VBU eng 14.02.2011

Riga, Latvia: Uldis Augulis, the Latvian Minister of Transportation, held an emergency meeting on February 9th, 2011. The meeting was held to find a solution to the 1700 rail car tankers Lukoil subsidiary Litasco has backing up the Latvian railway system.

The meeting took place at 4 pm in the Ministry of Transportation. Representatives from the Ministry, Latvian Railways (LDZ), Latvian customs authority, Ventbunkers (VBU) and Litasco attended. All parties were summoned to find a solution to the emergency situation on the railways caused by 1700 railcar tankers containing Litasco fuel oil.

LITASCO finally takes oil in Ventspils

February 11, 2011 / posted in LITASCO / No Comments

The latvian online medium kapitals.lv reports on their article dated Febuary 10, 2011, that loading the oil from the Ventbunkers terminals finally started.

This is the first step to solve the horrible situation for the blockes terminals of Ventbunkers in Ventspils port.

Read more in kapitals.lv.

Dr. Rudolf Meroni on the Ventspils business practices

February 10, 2011 / posted in Ventbunkers / No Comments

This is a video of the AS Ventbunkers youtube channel. Mr. Rudolf Meroni – chairmain of the supervisory board is speaking about business practices.

Abstract of this video:
Dr. Rudolf Meroni, chairman of the supervisory board of AS Ventbunkers
explains how business used to be governed in the past and his
efforts to change this for better. Rudolf Meroni also describes
how management is being performed today in AS Ventbunkers – without
black payments, kickbacks and other illegal schemes. »Read More

LUKOIL daughter LITASCO tries to blackmail Ventbunkers

February 2, 2011 / posted in LITASCO, LUKOIL / No Comments

In their article dated January 19, 2011 – the online platform manaventspils.lv reports on the LUKOIL daughter company LITASCO trying to blackmail AS Ventbunkers.

LITASCO wants to prolong their contract with Ventbunkers – which expired end of December 2010. They try to force Ventbunkers by blocking their terminals.

The full article can be found in manaventspils.lv

Lukoil subsidiary Litasco, in dispute with Ventbunkers

February 2, 2011 / posted in LITASCO, LUKOIL, Ventbunkers / No Comments

Ventbunkers press release:

Lukoil subsidiary Litasco, in dispute with Ventbunkers, begins a misleading propaganda campaign trying to influence even Latvian Ministers.
The CEO of Litasco, Sergey Chaplygin, arrived in Riga, Latvia at the beginning of the week – not to resolve problems with A/S Ventbunkers (VBU), but to wage a propaganda campaign and spread false information to journalists.

Litasco, in breach of contract, still refuses to lift 120,000 metric tons of their fuel oil from Ventbunkers terminal. With this act Litasco has paralyzed the fuel oil transit business through the port of Ventspils. The Litasco CEO Sergey Chaplygin arrived earlier this week with other Litasco managers. So far they have met with the Minister of Justice Aigars Stokenbergs.

The press release for full reading: Lukoil subsidiary Litasco, in dispute with Ventbunkers »Read More