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Blaze at Mazeikiu Nafta threatens PKN Orlen deal

Oct 18, 2006
By Arturas Racas

SMOKE SIGNAL: Last week’s fire at the Mazeiku Nafta refinery has raised considerable suspicion.
VILNIUS - The Mazeikiu Nafta oil complex, which should have spouted gold for the Lithuanian government, may become a major headache after a fire broke out at the refinery on Oct. 12. The blaze not only destroyed equipment, but also threatened Lithuania’s sale of 30.6 percent in Mazeikiu Nafta to Polish PKN Orlen, which was to bring 2.3 billion litas (666 million euros), into government coffers.The transaction was scheduled for completion by March 2007, but immediately after the fire, the Pol ...

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