Reuters reported that Lithuania state owned oil terminal Klaipedos Nafta had signed a deal with a trading subsidiary of Gazprom Neft to export fuel oil.

Klaipedos said in a statement that loadings from Gazprom Neft, the oil arm of Russia gas giant Gazprom will amount to a minimum of 10% to 15% of the terminal projected annual capacity of 7.1 million tonnes.

The terminal which mostly ships exports of oil products from Lithuanian, Russian and Belarusian refiners reloaded 7.7 million tonnes last year.

(Sourced from Reuters)