Russian once again puts a squeeze on oil supplies

Russian Lukoil has threatened that it will stop supplying Lithuanian refinery Możejki with oil and thus Możejki started again to purchase crude oil from overseas. "I am not disturbed. As far as I am concerned this is the result of an earlier purchase plan," said Igor Chalupec, president of PKN Orlen. Russian oil is still supplied to Możejki, but its quantity is smaller, as at the end of June representatives of Lukoil announced it was not profitable enough. "Such decisions [on oil supply] are made on a monthly basis. Decisions concerning August deliveries were not taken yet," said a representative of Lukoil. The CEO also does not fear problems with natural gas supplies to Lithuania, but according to some analysts he should. (Parkiet, pp. 1, 10) M.M.