Sixteen candidates have registered for a purchase of 36 million euros of oil reserves

Photo: PantherMedia / Scanpix

At the present time, EM, in accordance with the requirements of the Energy and Defense Laws, is organizing a negotiation procedure for the provision of standby services for the safety of petroleum products with a view to providing Latvia of national oil products reserves. The total safety margin required for petroleum products is 336 440 tonnes and the contractual period is two years from the date of conclusion of the purchase contract.

In total, 16 requests to participate in the trading procedure were received – SIA Pirmas, UAB Okseta, JSC Venturkers Mercuria Energy Trading Ltd., Hartree Partners (UK) Limited, Circle K Latvia, LLC Rdz Eneregy, UAB Baltic Petroleum, Orlen Lietuva AB, Orlen Latvija Ltd, Vitol AG, Gunvor AG, Gunvor International BV, BP Europe BV SE-BP, BP International Oil Limited and SIA Baltimar VT and AccessResources AG.

EM will take the candidate The compliance review will be requested, as well as the Office of Constitutional Protection will seek an opinion on the compliance of applicants with the requirements of national security.The applicants concerned by these requirements will be invited to submit an offer for the second round of negotiations

It was already reported that in June this year, the Ministry of Economy The proposed safety margin for stored petroleum products should correspond to net imports daily averages of at least 90 days.

As a result of purchases, it is planned to establish a security reserve for the supply of national petroleum reserves for two years. The contract was concluded with eight companies – SIA Pirmas, UAB "Okseta", UAB "Baltic Petroleum", which concluded contracts with the eight companies for a total amount of 7.9 million euros

SIA Circle K Latvia, JSC Ventbunkers, RDZ Energy Ltd., Gunvor SA and Vitol SA

Contracts for petroleum product safety reserve services for the period from December 29, 2017 to 2018 On June 30, with the right to extend the duration of the master agreement and the agreement, by a written agreement of the parties for a deadline longer than 20 days and an amount not exceeding 10% of the total contract price of the agreement- framework, subject to the contractual prices and amounts indicated in the tenders.