Moreover, Williams will not be entitled to an operator's charge for crude oil refined in Mazeikiai and exported through the con-cern's terminal in Butinge - 0.2 litas ($0.05) and 0.12 litas per barrel respectively - according to the daily Lietuvos Rytas.
This means that Williams, which has been named strategic investor in the Lithuanian oil complex, will be an ordinary shareholder of Mazeikiai Oil and not the operator of the complex, Lietuvos Rytas noted.
According to the Economics Ministry, final decisions on the shareholder structure of Mazeikiai Oil are still to be made. It is likely that an equity state will be given to Russian oil suppliers.
Earlier agreements reached between Williams and the former Lithuanian government are being renegotiated by a team appointed by Economics Minister Eugenijus Maldeikis.
According to the daily, the agreements will be signed in two stages. Initial documents are likely to be sealed after the nearest Cabinet sitting, provided they are approved by the government.
The final signing is scheduled to take place in a month's time as eight Lithu-anian laws need to be amended before this can happen.
It is still unclear what position Williams takes as to cooperation with the Russian oil giant LUKoil which wants to participate in the management of Mazeikiai Oil. The Lithuanian government has not given its answer to LUKoil's cooperation proposals either.
The Russians want to buy 33 percent of shares in Mazeikiai Oil or set up an enterprise for oil extraction and retailing in the Baltic countries, St. Petersburg and Kaliningrad.
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