Ventspils nafta
Crude oil and petroleum product transshipment volumes at Ventspils nafta terminals Ltd close to 5 million tons
Ventspils nafta / News Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- In the first four months of 2008, transshipment volumes 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 come close to 5 million tons of crude oil and petroleum products, by reaching 4.74 million tons. That is 0.31 million tons more than in the period of January-April in 2007. In the first four months of 2008, the structure of the transshipped cargos at Ventspils nafta terminals Ltd is formed by 3.7 million tons of diesel fuel delivered via petroleum products pipeline and by rail, 0.6 million tons of gasoline of various grades transported by rail and 0.32 million tons of crude oil and petroleum product cargos delivered by sea. More than 0.1 million tons of other types of petroleum products have been transported by rail. Ventspils nafta terminals Ltd has transshipped 1 million tons of crude oil and petroleum products in April. Cargo amount at Ventspils nafta terminals has increased gradually since 2007, when the company resumed receiving diesel fuel from petroleum products pipeline and started valuable cooperation with the company of international oil and gas consortium Vitol Group, which is a co-owner of JSC Ventspils nafta and Ventspils nafta terminals Ltd. Ventspils nafta terminls 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 terminls 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 Vrpa (PR and Advertising Manager), tel. 7229793; e-mail: gundega.varpa@vnafta.lv News Source: NASDAQ OMX 16.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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