Ventspils Nafta Termināls

Public joint stock company's Ventspils nafta subsidiary Ventspils nafta termināls Ltd transshipped overall over 6.4 million tons of crude oil and petroleum products in the first six months of 2009, thereby continuing to ensure stable work of the company in the inconsistent and complicated international market conditions.

The largest proportion of the cargos transshipped by Ventspils nafta termināls Ltd in the period of January-June 2009 is formed by 4.7 million tons of diesel fuel delivered via petroleum products pipeline and by railway. 1.3 million tons of the total transshipment volume is formed by motor gasoline of various grades transported by railway and other petroleum products, and 0.4 million tons - by crude oil and petroleum product cargos delivered by sea.

Activity of Ventspils nafta termināls Ltd is materially affected in 2009 by the fluctuating market situation, as well as circumstances of intense competition and financial and economic crisis. However, in long-term development context, the company continues strengthening its positions as the most modern complex of crude oil and petroleum product transshipment in the Baltic region, by planning its operation under the same principles as other companies of the international concern Vitol Group, SIA Ventspils nafta termināls co-owner, around the world.

SIA Ventspils nafta termināls td is a subsidiary of AS Ventspils nafta. 51% of it belongs to AS 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 diesel fuel, motor gasoline and other petroleum products delivered by railway and sea.

SIA Ventspils nafta termināls 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.