Lithuanian Geological Survey

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Oil production in Lithuania plunged to the lowest level since 1992 last year, and the production peak was recorded in 2001, a representative for the Lithuanian Geological Survey said, adding that dropping oil production is a natural process.

The Lithuania Tribune, BNS

Lithuania's mineral resources, mostly used for construction of roads and buildings, are nearing exhaustion, while environmental rules and property rights make it difficult to prospect for new deposits. To read this article, try a €5.99 monthly subscription by clicking here.

According to the data of the Lithuanian Geological Survey (LGT) under the Ministry of Environment, the Šilutė-Tauragė area (in Western Lithuania) sows promise for extracting hydrocarbons, especially oil. It is therefore planned to announce a tender for exploration and extraction of these resources.

The terms and conditions for a new tender for shale hydrocarbon exploration rights in Lithuania are to be drawn up by the end of January, taking into account changes in legal regulations and in the country's geopolitical situation, Deputy Environment Minister Daiva Matonienė said on Friday.

The Lithuanian Geological Survey under the Ministry of Environment (LGT) tested samples of rock with shale and found that the heavy metal levels in them presented no hazard to the environment. The samples were taken from rock at different depths of at least 1.2km, Lithuania's Ministry of Environment...