You should read this article – how people with some money can influence the latvian legal system to their favor. Also read, that this does not always work out – like in this case where accusations made did not succeed.
News articles on this issue can be found e.g. in Baltic News Network. Read there in English or Latvian »Read More
Ventbunkers press release
Ventbunkers / LUKOIL daughter Litasco negotiations without result. Will the Latvian government intervene?
Rudolf Meroni, chairman of A/S Ventbunkers Supervisory Board, informs that the negotiations between Ventbunkers and the Lukoil subsidiary Litasco did not lead to any result because of the totally unreasonable position of Litasco. Ventbunkers will call for the intervention of the Latvian Government.
On Friday evening a second meeting between the two teams of A/s Ventbunkers (VBU) headed by Dr. Rudolf Meroni, the Chairman of the Supervisory Board, and Litasco’s CEO, Sergei Chaplygin, took place in Zurich, Switzerland. Unfortunately, the meeting did not bring any results, because of the totally unreasonable position of Litasco. VBU had submitted a proposal to Litasco to lift its fuel oil and to effect the payment of a hidden amount of 20 million EUR.
You may want to read the full press release: Ventbunkers / LITASCO negotiations without result »Read More
Ventbunkers press release
Ventbunkers hopes for better results in the negotiations with Litasco
A meeting in Zurich earlier this week, between Litasco and Ventbunkers (VBU), ended with no real results because Litasco decided to play some games. The VBU management hopes for better results at the next round of talks scheduled for today, January 28.
“At least we were able to sit down at one table with the CEO of Litasco, Mr. Chaplygin,” stated Rudolf Meroni, Chairman of the VBU Supervisory Board. ‘This in itself is an achievement, something the VBU management was waiting for. A problem of this magnitude should be resolved without delay. We need results and we need them now. Every day is costing hundred thousand USD or more, but Litasco prefers to play games.“
Read the full press release: Ventbunkers negotiating with LITASCO
Ventbunkers Press Release
Rudolf Meroni (A/s Ventbunkers) and Sergei Chaplygin (Litasco SA) return to the negotiation table
Dr. Rudolf Meroni the Chairman of the Supervisory Board of A/s Ventbunkers (VBU) informed that after weeks of a stalemate in the dispute with the Lukoil subsidiary Litasco, the parties have agreed on negotiations to discuss the problems regarding oil fuel stored at the Ventbunkers terminal located in the port city of Ventspils, Latvia.
Read the full press release: Rudolf Meroni (Ventbunkers) and Sergei Chaplygin (Litasco)
Ventbunkers Press Release
Rudolf Meroni: Litasco is running out of time. Ventbunkers will store fuel oil offshore.
Litasco (a subsidiary of LUKOIL) is illegally blocking A/s Ventbunkers’ (VBU) terminal facilities in an attempt to illegally force VBU to sign a fuel oil transshipment agreement for 2011.
At the same time Litasco blocks the export of fuel oil by rail through Latvia causing millions of damages to the Latvian economy. According to Aivars Gobins, Ventbunkers Media Director, Litasco has only a few days left to lift their fuel oil from VBU terminal before the first vessel, chartered by VBU, arrives in Ventspils port later this week to store the fuel oil offshore on account of Litsaco. However, the Latvian customs authorities still have to approve this measure.
Read the full Press release as PDF file: Rudolf Meroni: Litasco is running out of time.
