Cargo Transshipment Amount at Ventspils nafta terminals continues to increase

In the firs two months of 2008, amount of transshipments at the crude oil and
petroleum products transshipment company Ventspils nafta terminals Ltd, which
is a subsidiary of the joint stock company Ventspils nafta, has already reached
2.5 million tons of crude oil and petroleum products, and that is for 0.6
million tons more than during an analogue time period in 2007. 

In February and January of 2008, more than 1.8 million tons of diesel fuel
delivered via petroleum products pipeline and by rail, 0.4 million tons of
gasoline of various grades transported by rail and 0.2 million tons of crude
oil and petroleum product cargos delivered by sea were transshipped at
Ventspils nafta terminals Ltd. 

Increase of cargos at Ventspils nafta terminals Ltd can be observed in February
of 2008 when the transshipment amount reached 1.25 million tons of crude oil
and petroleum products, although it was the shortest month of the year. This
amount included 0.95 million tons of diesel fuel delivered via petroleum
products pipeline and rail, 0.2 million tons of motor petrol and other
petroleum products transported by rail, and 0.1 million tons - cargos
transhipped from the sea. 

Since 2007, when Euromin Holdings (Cyprus) Limited, which is a company owned
100% by the international oil and gas consortium Vitol Group, the terminal has
activated its operation. In 2007, the amount of transshipments of crude oil and
petroleum products at Ventspils Nafta Terminals Ltd increased more than twice
or by 133.3%. 

Ventspils nafta termināls Ltd is a subsidiary of JSC Ventspils nafta. 51% of it
belongs to JSC Ventspils nafta while 49% are owned by the Vitol company Euromin
Holdings (Cyprus) Limited. The terminal renders transit services: reception of
oil and diesel fuel via pipelines, as well as reception, storage and
transshipment of crude oil, diesel fuel, motor gasoline and other petroleum
products delivered by rail and sea 

Ventspils nafta termināls 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 meters and has no analogues among similar companies in the nearest
countries 




JSC Ventspils nafta
For further information, please contact
Gundega Vārpa (PR and Advertising Manager),
tel. 7715912,
e-mail: gundega.varpa@vnafta.lv