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Eestimaa Õlikonsortsium

Eestimaa Õlikonsortsium 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] A second tunnel oven was added in 1938.[4] In 1936, it produced 15,000 tonnes of oil, including 2,400 tonnes of gasoline.[5]

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.[3]

See also

  • Eesti Kiviõli
  • Eesti Küttejõud
  • Esimene Eesti Põlevkivitööstus
  • New Consolidated Gold Fields
  • Oil shale in Estonia

Bibliography

References

  1. Holmberg (2008), pp. 106–107^
  2. E. Lippmaa, E. Marimäe, A. Rummel, A. Trummal. Tantalium, niobium and thorium cake production at the Sillamäe oil shale processing plant Oil Shale. A Scientific-Technical Journal, Estonian Academy Publishers, 2006, retrieved 2008-12-06^
  3. Holmberg (2008), pp. 107–108^
  4. Holmberg (2008), p. 272^
  5. W. Lindquist. Estländska oljeskifferindustrien Teknisk Tidskrift. Kemi, 1937-09-11, retrieved 2014-03-31^
  6. Holmberg (2008), p. 119^
  7. Holmberg (2008), p. 345^
  8. Holmberg (2008), p. 129^