AB Orlen Lietuva, a subsidiary of Polish oil company Orlen, has bought UAB Mockavos Terminals.
Daniel Obajtek, AB Orlen Lietuva president, said: “Acquiring the terminal will enhance the security and ensure stable supplies of products to Poland, benefitting the company and the economies of both Poland and Lithuania.
“A project of strategic significance to the future of AB Orlen Lietuva has been accomplished successfully. Up until now, we have been using the services of Mockava Terminal under a cooperation agreement.
“Taking over the control of the terminal will allow us to save considerable funds and increase business flexibility as well as independence. Eventually, we will be able to implement ambitious terminal development plans.”
Mockavos Terminals is the only liquid products loading terminal on the Lithuania-Poland border. The terminal can also reload liquid products from Russian railway gauge to European gauge, making it the only terminal available for direct transhipment of liquid oil and chemical products from Russia and the Baltic states to western European countries within the EU.
For more information visit www.orlen.pl
