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On January 1, 2018, the amendments to the Law on Immigration came into effect, which provide the elimination of exceptions for certain categories of foreigners who did not have to pay a state fee for the first time by repeatedly requesting a temporary residence permit.
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Член Торгово-промышленной палаты Латвии Latvijas Tirdzniecības un Rūpniecības Kameras biedrs Member of the Latvian Chamber of Commerce and Industry

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High-potential investment project offered for sale - oil terminal in Liepaja

Business for sale – a company, which is carrying out the construction of the terminal for oil products transshipment and storage in the special economic zone with the territory of 130 thousands sq.m.
The proposed investment object is a terminal located in Liepaja, Latvia, at the coast of Baltic Sea.
The terminal is located within the city with railway and road infrastructure, wharf wall with 200 m in length, as well as the city communications.
A company offered for investors’ consideration possesses project documentation in respect of constructing the terminal for transshipment and storage of base oil, light and dark oil products, with a blending capability. The planned annual transhipment capacity is about 1,56 million tons. The potential total construction costs are about 15,8m EUR. The investment can take place in more than one phase according to the technical project. The company plans to employ 40 workers.

Technical specifications
The following technological objects are planned to enter the structure of the Terminal’s complex:
  • railway overpass for 2x15 tank cars (two rails with a lifting capacity of 60 tons)
  • dark oil products tank battery (base oil tanks 5x1000 cu m, residual fuel tanks 3x5000 cu m, cleanup tank 400 cu m)
  • pump station for transshipment of dark oil products
  • light oil products tank battery (petroleum tanks 2x5000 cu m, diesel fuel tanks 3x5000 cu m)
  • pump station for transshipment of light oil products
  • berth with a technological territory for tanker servicing
The main advantages of the project
The terminal may serve as a new independent channel for the traders of the oil products from CIS. The project team has completed all necessary phases in order to start construction of the terminal:
  • terminal has received the environmental impact assessment, which confirms the safety of the Terminal and points to the relative advantages of the Terminal (regarding environmental issues) in comparison to the present transshipment capacities of the Liepaja city port
  • technical project has been prepared
  • construction permit received
It shall be noted that the location and the technologies used in the Terminal are most appropriate for servicing the end user with oil products in Europe.

Market potential
European Union is the main consumer of the oil products produced in CIS. EU in nearest future will face substantial deficit of diesel fuel that guarantees stable demand for diesel transhipment services in Latvia.

Strategy and further development
The Terminal is intended to hold a specialised niche player position in the market: the Terminal will be able to provide services for small and customized cargo capacities. In addition, Liepaja port is one of the key base oil transhipment hubs in the region and therefore the company is intended to play the essential part in this niche.

Key Investment Considerations
Potential Market Position
  • Minor dependence on local market
  • The Company will be one the most modern & independent terminals in Latvia dealing with liquid cargos
  • The Company can serve as an independent trading channel for the oil industry players
Real Estate
  • Terminal is located on the territory with 130 thousands sq.m. in area in the northern par of the Liepaja port
  • The territory for the Terminal needs is leased from the Liepaja Special Economic Zone (LSEZ) according to long term lease agreement valid till 2033
  • The lease agreement also contains the clause that investments in infrastructure and the real estate made will reduce the rent payments
Completed Phases
  • The current owners of the Company have completed all necessary phases in order to start construction works. All necessary permits (building permit, technical project, etc.) have been received from the local municipality and environmental impact assessment report concludes that Terminal will not be dangerous
  • The LSEZ member-companies enjoy tax relief: income tax discount in amount of 80%, real estate tax discount in amount of 80-100%
Competitiveness of the Product Portfolio
  • The Terminal will be able to serve wide range of products
  • Terminal will be one of the few terminals in Latvia that complies with environmental standards
  • Prior to the construction phase, the owners of the Terminal have already invested substantial financial and human resources in developing this project
  • The further Terminal investments can be made in subsequent phases
  • The Company is forecasted to have approximately 6.1million EUR EBITDA* after the whole construction works are finished.
*EBIDTA – (abbr. Earnings Before Interest, Taxes, Depreciation and Amortization) – an indicator equal to the amount of the profit before deduction of the interest, taxes and amortization expenses.