Baltic Oil Terminals Well Positioned For 2H

29th Jun 2010 07:23

LONDON (Dow Jones)-- Baltic Oil Terminals PLC (BTC.LN), said Tuesday that trading conditions in Kaliningrad remain favorable, which has allowed the Rosbunker terminal to operate at consistently high levels of capacity, and said it was well positioned for the second half of the year. MAIN FACTS: -Rosbunker is expected to maintain this performance through the summer months until the Volga River closes for winter, at which point the terminal's competitive position in the region becomes stronger, as Kaliningrad is the only Russian ice free outlet into the Baltic market. -Baltic Top is continuing to operate at full capacity and the company is constantly looking for ways to enlarge the terminal in order to take advantage of the market that is now restored to its original levels after the Russian crisis. -Oil products trading JV is continuing to execute trades at good margins, with product being sourced from a wide variety of sources and we continue to look for more opportunities to enter into similar ventures. -The company is performing better than expected a year ago. -By London Bureau, Dow Jones Newswires; Contact Razak Musah Baba; +44 (0)20 7842 9275; [email protected] (END) Dow Jones Newswires June 29, 2010 02:23 ET (06:23 GMT)