Friday, January 15, 2021
Home Oil & Gas First US oil shipment arrives at Klaipėda

First US oil shipment arrives at Klaipėda

The first oil shipment from the United States has reached Lithuania’s Oil Terminal in Klaipėda, managed by KN. The tanker brought 77,000 tons of crude oil cargo from the US which is to be used by Belarusian oil refineries. 

“Such events deserve a separate entry in the pages of energy history,” commented Darius Šilenskis, CEO of KN. “The first cargo of oil from the US perfectly illustrates that KN’s business strategy motto – connecting energy markets – is not just a sound declaration on paper, but an example of our real activities. We are glad that we can create benefits in this way for both our company and our customers.”

This is the eighth oil tanker to arrive this year. A tanker with oil destined for Belarus had previously arrived in Klaipėda port in mid-May. A cargo of 87,000 tons of oil then came from Saudi Arabia. Earlier this year, KN handled Norwegian and Russian oil delivered by tankers, which was transported by rail to Belarus.

KN Klaipėda Oil Terminal ranks the second among the 13 main terminals, in terms of cargo handling in the Baltics and it occupies about 24 per cent of the market. In order to maintain and increase its competitive advantages, KN is constantly investing in the development of the terminal and expanding the range of handled products.

With the existing infrastructure, KN can handle 3-4 million tonnes of crude oil per year, while continuing to secure operational flows from other customers. The near-future investment perspective includes a railway trestle bridge and a multifunctional continuous quay. After the completion of its reconstruction, KN will be able to receive and load three tankers at the Klaipėda Oil Terminal at the same time.

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