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At least seven companies are interested in buying the country’s oil refinery, Orlen Lietuva, the Polish business paper Puls Biznesu wrote.

In mid-August the current owner of the refinery, PKN Orlen, announced that the international Nomura Bank would prepare a number of scenarios for Orlen Lietuva to be sold.

One of the options discussed by the bank was the PKN Orlen hang on to the investment, even though it is not making money.

The final options for potential sales of the refinery will be known by the end of the year, the Polish paper reported.

Earlier the group said that the sale of the refinery would be done based only on financial considerations. Lithuania is concerned that its refinery could be sold to Russia owners, which would disempower the country even more in its quest for energy independence.

Nomura said that the prospect for the sale of the refinery had been sent to over a dozen potential buyers. Replies were received from seven or eight oil companies. Russian companies are interested in the factory, as well as companies from other countries.

It was speculated in September that Russia may buy the plant via its company Surgutneftegaz.

Source: Lithuaniatribune.com