Eestimaa Õlikonsortsium

Eestimaa Õlikonsortsium
Private limited company
Industry Oil and gas
Fate Nationalized
Successor Baltic Oil Company
Silmet
Founded 1926
Defunct 1940
Headquarters Sillamäe, Estonia
Key people
 Mathias Westerblom (Director)
Products Shale oil
Production output
 36,944 tonnes of shale oil (1939)
Owner Marcus Wallenberg
Number of employees
 870 (1938)

Eestimaa Õlikonsortsium (Swedish: Estländska Oljeskifferkonsortiet; English: Estonian Oil Consortium) was an oil shale company located in Sillamäe, Estonia. The company was established in 1926.[1][2] It was a Swedish–Norwegian consortium controlled by Marcus Wallenberg. Main shareholders were Investor AB, AB Emissionsinstitutet, and Norsk Hydro.[1]

The consortium built a tunnel oven in 1928. However, due to recession, production halted in 1930 and was not restarted until 1936, when it was reorganized as Baltic Oil Company.[3][4] A second tunnel oven was added in 1938.[5] In 1936, it produced 15,000 tonnes of oil, including 2,400 tonnes of gasoline.[3]

In July 1938, Eestimaa Õlikonsortsium concluded a contract with the German Kriegsmarine to supply shale oil as a ship fuel.[6] In 1939, it produced 36,944 tonnes of shale oil.[7] After occupation of Estonia by the Soviet Union, the company was nationalized in 1940.[8] According to Soviet-Swedish agreement of 1941, the Soviet Union made a one-time payment in 1947, covering only part of the company's value.[4]

See also

References

  1. 1 2 Holmberg (2008), pp. 106–107
  2. ↑ Lippmaa, E.; Marimäe, E.; Rummel, A.; Trummal, A. (2006). "Tantalium, niobium and thorium cake production at the Sillamäe oil shale processing plant" (PDF). Oil Shale. A Scientific-Technical Journal (Estonian Academy Publishers) 23 (3): 281–285. ISSN 0208-189X. Retrieved 2008-12-06.
  3. 1 2 Lindquist, W. (1937-09-11). "Estländska oljeskifferindustrien" [Estonian oil shale industry]. Teknisk Tidskrift. Kemi (in Swedish) (9): 71–75. Retrieved 2014-03-31.
  4. 1 2 Holmberg (2008), pp. 107–108
  5. ↑ Holmberg (2008), p. 272
  6. ↑ Holmberg (2008), p. 119
  7. ↑ Holmberg (2008), p. 345
  8. ↑ Holmberg (2008), p. 129

Bibliography

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