Lithuanian refinery makes breakthrough on rail costs.

摘要

Lithuanian refiner Orlen Lietuva—a unit of Poland's PKN—and railway operator Lietuvos Gelezinkeliai have resolved a longstanding dispute over high costs for railway transportation mat have weighed on profits from Orlen's 190K-b/d refinery in Mazeikiai. Sources said that the agreement became possible after October parliamentary elections, which led to changes in management at many state-run companies including railways. Sources said that new tariffs had been agreed, and all litigation—regarding the $45.49MM in fees which Orlen has not paid since it rejected a price hike introduced by the railway in 2014—will be dropped. Orlen will pay on half of that debt, said railway head Mantas Bartuska.