Eestimaa Õlikonsortsium
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]
| Type | Private limited company |
|---|---|
| Industry | Oil and gas |
| Fate | Nationalized |
| Successor | Baltic Oil Company Silmet |
| Founded | 1926 |
| Defunct | 1940 |
| Headquarters | , |
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) |
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
- Holmberg (2008), pp. 106–107
- 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.
- Lindquist, W. (1937-09-11). "Estländska oljeskifferindustrien" [Estonian oil shale industry]. Teknisk Tidskrift. Kemi (in Swedish) (9): 71–75. Retrieved 2014-03-31.
- Holmberg (2008), pp. 107–108
- Holmberg (2008), p. 272
- Holmberg (2008), p. 119
- Holmberg (2008), p. 345
- Holmberg (2008), p. 129
Bibliography
- Holmberg, Rurik (2008). Survival of the Unfit. Path Dependence and the Estonian Oil Shale Industry (PDF). Linköping Studies in Arts and Science. 427. Linköping University.