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| | Baltic Sea Region (Site not responding. Last check: 2007-11-07) |
 | | During 2003 and 2004, this effort has reportedly served to mitigate some of the losses owing to the absence of Russian crude oil, and in 2004, the port exported roughly 215,000 bbl/d of oil (total), roughly one-third less than pre-embargo averages. |
 | | Ventspils has, however, lost significant market share, and has exposed its balance sheet to greater risk as petroleum products and rail-borne crude oil are more expensive than crude delivered via pipeline and carry slimmer profit margins. |
 | | The ability of Ventspils shareholders to secure a reasonable selling price and to award a tender will be largely determined by the future of Russian pipeline deliveries to the port. |
| www.eia.doe.gov /emeu/cabs/baltics.html (2419 words) |
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