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Pressure on Ventspils, Lembergs intensifies

Jan 09, 2003
Thomas Foulquier

RIGA2003 promises to be the toughest yet for a struggling Ventspils Nafta, as Russia's oil companies have reportedly decided to stop crude exports altogether through Latvia, claiming high tariffs have made the country an attractive export route.After a precipitous decline in crude oil throughput at Latvia's largest port last year, Transneft Vice President Sergei Grigoriev said Jan. 3 that Ventspils Nafta will not be loading Russian oil in the first quarter 2003.Speaking to a Russian news agency, ...

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