Oil and petroleum products sector

Overview

The Lithuanian oil sector’s potential fully meets the needs of domestic oil consumers. The bulk of oil products produced in the country are supplied to foreign markets. Lithuania is currently fully equipped to export and import oil and oil products to and from various countries and sources. The strategic petroleum reserves necessary to protect the country from disruptions in the supply of oil products have been accumulated.

Lithuania's oil sector comprises of one oil refining and transportation company (ORLEN Lietuva, which owns the Orlen Lietuva Refinery), one oil handling terminal (Būtingė), one oil products terminal "Klaipėdos Nafta" AB ("Klaipėdos Nafta"), four oil extraction companies, approximately 300 companies engaged in oil product sales and approximately 900 petrol stations.

Historically and at present, the import, export, transit and sale of oil products are not subject to any restrictions or quotas. The Government sets the sales procedures and quality requirements for the oil products used in Lithuania and sets the level of applicable taxes. Trade in oil products is subject to licensing procedures, which are set and controlled by the Government.

Legal acts

Last updated: 14-09-2015