OREANDA-NEWS. July 08, 2011. UAB Naftos Grupe submitted a claim against SC Klaipedos Nafta for compensation of the allegedly incurred losses in the amount of LTL 17 million. SC Klaipedos Nafta rejected the claim.

Therefore evaluation regarding the Services Agreement of 22 December 2004 concluded between SC Klaipedos Nafta and UAB Naftos Grupe not according to the market conditions and its influence on the operating results of SC Klaipedos Nafta during the period from January 2005 until May 2010 was performed. In the process of evaluation it was established that SC Klaipedos Nafta could have suffered more than LTL 40 million losses in relation to this Agreement.

Today the Company has filed a counterclaim against UAB Naftos Grupe seeking damages for a part of losses incurred. The total amount of the counterclaim –  LTL 42 627 155.

UAB Naftos Grupe enjoyed an exclusive right for transshipment of vacuum gas oil via SC Klaipedos Nafta.