Volume of transshipments at Ventspils Nafta Terminals Ltd has grown by more than 133% in 2007

Operating results of Ventspils Nafta Terminals Ltd, a subsidiary of the joint
stock company Ventspils Nafta, for the year 2007 when a company of the
international oil and gas consortium Vitol Group became a co-owner of it have
more than doubled. The volume of transshipments again exceeded 10 million tons
for the first time since 2003. The volume of transshipments at Ventspils Nafta
Terminals Ltd increased by 133.3% last year as against the year 2006, amounting
to 13.3 million tons of crude oil and petroleum products delivered to the
terminal by rail, sea and diesel pipeline. 

The volume of diesel transshipments has grown most considerably during the year
2007 after Ventspils Nafta Terminals Ltd resumed successfully its reception by
petroleum products pipeline. The volume of transshipped diesel delivered to the
terminal by rail and pipeline reached 9.5 million tons in 2007, which is by 7.4
million tones more than in 2006. 

The volume of sea cargos has also considerably increased (by 0.6 million tons)
reaching already 1.8 million tons in 2007 as against the year 2006. Crude oil
(1 million tons) accounts for the highest proportion of sea cargos. Ventspils
Nafta Terminals Ltd also handled 1.7 million tons of motor gasoline of various
grades in 2007. 

“With the entrance of Vitol our terminal took a breath of fresh air -
successful growth perspectives and development opportunities in correspondence
with the best Western practice really approbated in the international business
of Vitol almost all over the world. And we can see in practice that the
company's performance has already been improving,” points out Rolands Kalniņš,
a director general and board member of Ventspils Nafta Terminals Ltd. 

In December 2007, Ventspils Nafta Terminals Ltd handled 1.1 million tons of
crude oil and petroleum products. 

Ventspils Nafta Terminals Ltd is the largest of such companies in the region,
and its crude oil and petroleum products shore-tank farm reaches 1.2 million
cubic metres and has no analogues among similar companies in the nearest
countries. 




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