Latvia, Markets and Companies, Transport

Ventspils Nafta Terminal.

In the first five months of 2008, VNT delivered 4.4 million tons of diesel fuel via oil product pipelines and by rail, 0.6 million tons of various gasoline was transported by rail and 0.5 million tons of crude oil and oil products delivered by sea were transshipped at VNT, informs LETA.

In May, VNT handled 0.9 million tons of crude oil and oil products.

The volume of transshipments at VNT has been growing since 2007, when the enterprise resumed delivering the diesel fuel via oil product pipelines and started a cooperation with the co-owner of VN and VNT, the international oil and gas consortium Vitol Group.

VNT is a subsidiary of VN. 51% of VNT belong to VN, whilst 49% is owned by the Vitol company Euromin Holdings 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, gasoline and other oil products delivered by rail and sea.

VNT is the largest of such companies in the region, and its crude oil and oil products shore-tank farm reaches 1.2 million cubic meters and has no analogues among similar companies in neighboring countries.