Ventspils nafta                                        22.02.2005.



2004 Brought Ventspils Nafta Termināls to Profit



The daughter company of the joint stock company Ventspils nafta 

viz. Ventspils Nafta Termināls operated profitably in 2004. 

This is confirmed by the audited however not yet approved 

Annual Draft Report for 2004. Net turnover of Ventspils Nafta 

Termināls in 2004 reached 16 million lats and profit after 

tax made up of 0.7 million lats.



Olga Pētersone the Chairperson of the executive Board of 

Ventspils Nafta emphasizes that some provisional financial 

figures of Ventspils Nafta Termināls for 2004 would confirm 

the ability of Ventspils Nafta Termināls to operate steadily 

also in any situation when due to some circumstances beyond 

their control the rights and possibilities of the Ventspils 

Nafta Termināls to compete freely on the market by rendering 

transit services as well as receiving crude oil deliveries 

by pipeline, are violated. In 2004 all cargoes were delivered 

to Ventspils Nafta Termināls only by railway; and, if compared 

with 2002, when the crude oil was delivered to Ventspils by 

pipeline, the volume of railway deliveries to the terminal 

increased by 1.8 million tonnes or 28% in 2004. Totally 

Ventspils Nafta Termināls handled 8.4 million tonnes of 

crude oil and petroleum products in 2004; the total volume 

is made up of 3.8 million tonnes of gas oil; two million 

tonnes of crude oil as well as 2.6 million tonnes of gasoline 

of various grades.



Ventspils Nafta Termināls that was extremely active and 

managed to attract some additional cargoes for transhipment 

in 2004 continued to increase the volumes of handled gasoline 

by improving some facilities attached to loading berths 

as well as offering their clientele some new services viz. 

loading gasoline into tankers which loading capacity has been 

up to 100.000 tdw. Right now this kind of services is not 

being offered by any other terminal located in the eastern 

part of the Baltic sea.



For the above reasons, the volume of gasoline handled by 

Ventspils Nafta Termināls increased by 0.7 million tonnes 

last year when compared with 2003; and – even by 1.2 million

 tonnes when compared with 2002. This tendency has been 

also observed within the first few months of 2005 as 

the volume of gasoline handled by Ventspils Nafta 

Termināls hit record high over one month viz. 

0.4 million tonnes. 





One of the chief events of 2004 worth mentioning were 

also some new facilities that Ventspils Nafta Termināls 

put into operation for loading/unloading of crude oil 

and petroleum products’ deliveries by railway. The new 

railway unloading facilities are the forth of this kind 

on the territory of Ventspils Nafta Termināls and they 

give a possibility of using the capacity of the terminal 

up to its maximum; varying the range of the cargoes 

handled; and avoiding any demurrage due to some 

increased volumes of railway cargoes to be handled.



The new railway unloading facilities comply with the most 

up-to-date engineering design; and their annual 

capacity makes up of 4.5 million tonnes of crude 

oil or 5.5 million tonnes of gas oil. 

Their length is 402 meters; and they could 

be used to unload 66 rail tank cars simultaneously.







Ventspils Nafta, JSC

For detailed information please contact

Gundega Vārpa

Tel.7229793;

e-mail: gundega.varpa@vnafta.lv