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]

Eestimaa Õlikonsortsium
TypePrivate limited company
IndustryOil and gas
FateNationalized
SuccessorBaltic Oil Company
Silmet
Founded1926
Defunct1940
Headquarters
Sillamäe
,
Estonia
Key people
Mathias Westerblom (Director)
ProductsShale oil
Production output
36,944 tonnes of shale oil (1939)
OwnerMarcus 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
  1. 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. Lindquist, W. (1937-09-11). "Estländska oljeskifferindustrien" [Estonian oil shale industry]. Teknisk Tidskrift. Kemi (in Swedish) (9): 71–75. Retrieved 2014-03-31.
  4. 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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