Klaipedos Nafta, the state-run oil products terminal, is at loggerheads with Mazeikiu Nafta over surplus stocks of oil products accumulated by the terminal.
The sale of the stocks may add over 40 million litas (11.6 million euros) to the accounts of Klaipedos Nafta. The Ministry of Economy has also tried to settle the dispute, but without success.
Both Klaipedos Nafta and Mazeikiu Nafta produced convincing arguments in the dispute, said Saulius Vorauskas, the state representative at Mazeikiu Nafta. The group of auditors hired for the purpose would have to provide explanations for the emergence of surplus stocks, he added.
Meanwhile, Mazeikiu Nafta, citing the 2002 agreement with Klaipedos Nafta, claims that these products are the property of the refinery.
