aA
Oil production in Lithuania plunged to the lowest level since 1992 last year, and the production peak was recorded in 2001, a representative for the Lithuanian Geological Survey said, adding that dropping oil production is a natural process.
Būtingės terminalas
Būtingės terminalas
© Bendrovės archyvas

"It's a consistent tendency (…). Deposits were discovered long time ago, with many of them discovered during the Soviet times (…). Oil is not a renewable resource," Jurga Lazauskiene told BNS Lithuania.

In her words, five new deposits were discovered in post-independence Lithuania, with three of them no longer in use.

"If new tenders are called and exploration work continues in the country's territory, so new deposits could be discovered in Lithuania," she said.

Oil production in western Lithuania has been going down with every year. 55,800 cubic meters of oil was produced last year, down 18 percent from 67,800 in 2017. In comparison, 77,400 cubic meters were produced in 2016 and almost 600,000 cubic meters were produced in 2001.

Oil was produced from 14 deposits in Lithuania last year, with eight companies, including Lotos-Geonafta, Minijos Nafta, Manifoldas, Genciu Nafta, LL Investicijos, TanOil, Troba and Diseta, having permits to extract oil. But in reality only five of them extracted oil.

One exploration oil well was drilled in Lithuania last year.

Oil is produced only from land deposits. Around 5.386 million cubic meters of oil were produced in 1990-2018.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general...

One in 3 Lithuanians feels anxious about money

Thirty-nine percent of Lithuanians feel anxious about their finances every day, which adversely...

Simonyte: key budget issue is what to do with borrowed money (1)

The key question related to Lithuania's next year budget is what will be done with borrowed money...

Minister: Lithuania financially capable of withstanding another coronavirus outbreak

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance...

A new commercial bank has launched operations in Lithuania

PayRay , a Lithuanian financial sector company, has started a new page of its business service...

Top news

Only every 2nd resident would get coronavirus jab

Only half of Lithuanian residents would get a coronavirus vaccine once it is become available,...

Energy Minister: Moscow's note shows Baltics are taking right steps

Moscow 's call on Lithuania to review a new draft methodology for electricity trade between the...

China expresses resentment over Freedom Party's Taiwan independence support

The Chinese Embassy in Lithuania has on Friday expressed its resentment over the Lithuanian...

Nauseda urges to refrain from family gatherings on long weekend

Lithuanian President Gitanas Nauseda on Friday called on people to refrain from family gatherings this...

Health minister says nationwide quarantine possible

Lithuanian Health Minister Aurelijus Veryga on Friday did not rule out introducing a nationwide...

|Maža didelių žinių kaina