The term of the contract is until 31 October, 2016 (with option to extend it for one more year). Not less than 1 mln. tons of heavy fuel oil will be reloaded through the Lithuanian company's terminal during the period up to 31 October, 2016.
The conclusion of the contract is approved by the Board of Klaipedos Nafta as provided for in the Articles of Association of the company.