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

Sapoka: country's economy is withstanding pandemic challenges very well

Lithuania's economy is coping very well with challenges induced by the coronavirus crisis, and the...

Zalatorius steps down as head of Lithuania's banking association

Mantas Zalatorius , suspected of corruption, is stepping down as head of the Association of...

Coronavirus-triggered economic crisis less severe than in 2009

Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a...

Kucinskas is under investigation in Lithuania as well

Vidmantas Kucinskas , the founder of the Arvi business group who has been recently detained in...

Sources: Game Insight hit by Chinese hackers (2)

Game Insight , a Lithuanian developer and publisher of free-to-play mobile games and social-network...

Top news

Corruption-suspected health vice minister hands in resignation letter (1)

Lithuania's Deputy Health Minister Lina Jaruseviciene recently named a suspect in an investigation...

Checkpoint on Lithuanian-Belarusian border to be opened

Lavoriskes-Kotlovka border checkpoint on the Lithuanian-Belarusian border will be opened on Tuesday.

17 new coronavirus cases

On Monday 17 new COVID-19 cases were detected in Lithuania. Overall, it adds to 2137 confirmed...

2-week isolation for returnees from France, Malta ordered

Lithuanian nationals returning from France and Malta have to self-isolate for two weeks as of...

Vilna Gaon monument in Vilnius vandalized for 2nd time in 2 months (1)

The monument to the Gaon of Vilna, the great 18th century Torah scholar, in Vilnius' Old Town was...

|Maža didelių žinių kaina