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
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.
