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Gold/Mining/Energy : OBGL - $5 Cash Buyout, Fact or Fiction
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To: Wayne Rumball who wrote (1)8/13/2002 12:58:59 PM
From: Wayne Rumball   of 136
 
Some background on OBGL;

randburg.com

Lukoil Baltija is the largest crude oil and oil products
trading company in Lithuania. It was established as a
closed stock company, a joint venture between Lithuania,
Russia and Luxembourg, on 12th November 1992.
Initially, it served LUKoil, co-ordinating the supply of
crude oil for the MaZeikiu Nafta oil refinery and the export
of products to Russia. Later, following economic
changes, Lukoil Baltija began buying crude oil and
refining it.

Profits have been invested in building petrol stations and
enlarging the infrastructure of the enterprise. Lukoil
Baltija is the only international oil company that has
started to build petrol stations outside the largest towns
in Lithuania. The first stations were built in Siauliai,
Pasvalys and Plunge. In three years, Lukoil Baltija has
built 32 modern petrol stations, which sell more than
400,000 litres of fuel per day.

The infrastructure is very flexible, and makes it possible
to adjust to changes on the market and give quick and
inexpensive service to our clients and partners. For the
convenience of our clients, we have created a subdivision
dealing with the transportation and storage of products
and technical services for the petrol stations.

The fact that Lukoil Baltija has invested LTL 70 million in
the Lithuanian oil industry and created employment for
hundreds of workers is evidence of the company's
long-term goals. At the moment it is the only private oil
company in the country.
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