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2009 September 14   10:18

Klasco to participate in Nord Stream project

Lithuania's Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring Company, or Klasco)  will actively participate in Russia-German project Nord Stream, Lithuanian Courier refers to Vilniaus diena citing Lithuanian special services.

Eligijus Masiulis, Minister of Transport and Communications of Lithuania, says he has heard Klasco is carry out large-scale handling operations needed for implementation of the pipeline project. However he says there is no trustworthy information about any specific contracts signed.

Spokeswoman of Achemos grupe Virginia Dunauskiene neither confirms nor denies information about the company’s possible participation in the Nord Stream project.

Achemos Grupe, one of Lithuania's biggest business conglomerates, owns the stevedoring company. In January-June 09, the stevedore’s net profit fell 1.9 times, year-on-year, to LTL 6.321 mln (some $2.57 mln).

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