juodeikiai lithuania revenue 6.26 bil . eur 2012 1 number of employees 2400 2012 website www.orlenlietuva.lt orlen lietuva petrol station . two new reactors are going to ma eiki nafta at 20 june 2008 near idikai orlen lietuva ex ma eiki nafta is a polish company centered on the ma eikiai oil refinery and oil processing plant in lithuania . it includes the only refinery in the baltic states . contents 1 refinery 2 pipeline system 3 b ting marine terminal 4 privatization 5 fire of 2006 6 external links 7 references refinery edit the ma eikiai refinery located near the town of ma eikiai has a design processing capacity of 15 million tons of crude oil per year . however it is more efficient to process around 8 million tons of crude oil while using the remaining capacity for processing other feedstock . 2 historically the primary feedstock has been russian crude oil transported via the druzhba pipeline however the relevant branch of this system has been closed in russian territory 3 since july 2006 4 ostensibly for repairs . crude oil is now being supplied by the b ting oil terminal see below . 5 the ma eikiai refinery is the only oil refinery in the baltic states . pipeline system edit ma eiki nafta operates a system of pipelines with a total length of around 500 kilometers . this system includes two pump stations near bir ai and another near joni kis crude oil pipelines to the ma eikiai refinery and b ting terminal a crude oil pipeline leading to ventspils and another products pipeline supplying diesel fuel to the same location . construction of pipelines in lithuania started in 1966 with the first crude oil being put through them in 1968 . 6 in 1992 the company naftotiekis was founded for the operation of lithuanian pipelines which became part of ma eiki nafta in 1998 . b ting marine terminal edit the b ting oil terminal is a facility owned by ma eiki nafta situated in an all year round ice free area of the baltic sea on the lithuanian coastline near the town of b ting north of palanga . the project began in 1995 when the company b ting s nafta was established for the purpose of constructing and operating the terminal . in 1998 b ting s nafta was merged into ma eiki nafta . the first tanker was loaded in b ting in the summer of 1999 and took on board a shipment of yukos crude oil . the terminal can export up to 14 million tons of crude oil a year but can also function as an import terminal . during the construction of the facility an environmental monitoring program was introduced that includes tests of sea and ground waters . with the start of the terminal operations an expanded environmental monitoring program was launched . this included a computer based leak detection system . the complex of the b ting terminal consists of a crude oil pipeline that connects the facility with the ma eikiai refinery inland onshore terminal equipment and tanks at b ting an offshore pipeline and a single point mooring spm buoy 7 which lies 7 km offshore . 3 privatization edit the company was first privatized by the lithuanian government in 1999 when it was bought by williams companies a group based in the usa . later williams ran into financial trouble and their stake in ma eiki nafta was bought by the russian company yukos . 8 however in 2003 yukos ran afoul of the russian authorities and was required to pay billions of dollars in taxes . facing bankruptcy yukos began to sell off its assets including ma eiki nafta . 9 several potential buyers from russia kazakhstan and poland showed interest in acquiring the refinery whose majority stakeholder was now yukos international a yukos syndicate . 10 after several months of talks the proposal from polish company pkn orlen was found most lucrative and chosen . additionally it was deemed most desirable by lithuania which has been aiming to avoid the refinery and infrastructure being bought out by russian interests . 9 to force the sale to yukos for lower price russia has shut down the only land pipeline which was described as tools for intimidation and blackmail . 11 the agreement between orlen and yukos international to buy out the latter s 53.7 % stake in the company was made in june 2006 . several weeks later pkn orlen signed a deal with the lithuanian government to buy a further 30.66 % . the european union s regulatory authority approved the deal on november 7 after ruling that it would not significantly harm competition in the european economic area or any substantial part of it . 12 the buyout was finalized on 15 december 2006 with usd 1 492 000 000 being paid by pkn orlen to yukos international and usd 851 828 900 .31 to the lithuanian government . 10 fire of 2006 edit on october 12 2006 a major fire erupted in the plant around 2 30 pm . the cause appears to have been a leak . the fire was extinguished after 8 pm the same day 13 although some spot fires were still being put out the next day . 14 during the fire a 50 meter height vacuum tower collapsed oil products leaked out and a series of explosions were heard ; the blaze covered about 800 square meters at one point . 23 firefighting vehicles were brought into the scene of the accident and eyewitness accounts said that fires reached 150m in height and could be seen from several kilometers away . a black cloud of smoke could be seen from a great distance and drifted towards the nearby latvian border . there were no casualties among personnel . 5 damages incurred are estimated around 38 million euro as well as around 30 million in lost revenue due to production losses . 12 while significant when compared with the total output and profits of the plant they are not as large as had been feared . initially after the fire serious doubts were raised by various media over whether pkn orlen would go through with the deal to buy the company although these were immediately denied by orlen representatives . 5 14 in the end the blaze did not stop the takeover from going ahead . suspicions were raised by various high profile persons as to whether the fire was an accident or industrial sabotage on the part of the russian energy companies in revenge for not being offered to buy the company . 14 notably perhaps the vice leader of the russian duma konstantin kosachev had said that instability will continue to plague the refinery until the lithuanians finally realize which partners one should choose only a few hours before the start of the blaze . 3 however no evidence of foul play has been revealed since the blaze . external links edit media related to orlen lietuva at wikimedia commons http www.orlenlietuva.lt en main news news id 3665 http www.orlenlietuva.lt en main news news id 5474 orlen lietuva company website references edit did iausios lietuvos bendrov s pagal 2012 m. pardavimo pajamas mazeikiai refinery ma eiki nafta company website a b c orlen i mo ejki fina przej cia gazeta wyborcza 15 december 2006 polish . interruptions in crude oil supplies to mazeikiu nafta ma eiki nafta company website news message 2006 07 31 a b c lithuania oil refinery blaze hits output reuters newsdesk 12 october 2006 pipeline system ma eiki nafta company website marine terminal ma eiki nafta company website http www.williams.com newsroom news releases 2001 rel743.html williams international and russian yukos sign cooperation agreement on mazeikiu nafta . retrieved on 22 april 2011 . a b baltic lessons for eu in dealing with a resurgent russia financial times november 24 2006 . a b pkn orlen acquired mazeikiu nafta ma eiki nafta company website news 15 12 2006 andrew e. kramer . lithuania suspects russian oil grab business international herald tribune the new york times . retrieved 2016 03 17 . a b pkn orlen buy out of lithuania s mazeikiu due on december 15 the baltic times 18 november 2006 regarding fire at ab mazeikiu nafta ma eiki nafta company website a b c blaze at mazeikiu nafta threatens pkn orlen deal the baltic times 18 october 2006 . coordinates 56 23 22 n 22 10 17 e 56.38944 n 22.17139 e 56.38944 ; 22.17139 retrieved from https en.wikipedia.org w index.php title orlen lietuva & oldid 729452361 categories oil companies of lithuaniacompanies listed on the vilnius stock exchangeoil refineries in lithuaniabuildings and structures built in the soviet unionoil companies of the soviet unioncompanies established in 19641964 establishments in lithuaniacompanies based in ma eikiaihidden categories articles with polish language external linkscommons category with page title same as on wikidatacoordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite 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