JSC  Ventspils  nafta  informs,  that  in  compliance  with unconfirmed

information   JSC   Ventspils   nafta   by   participating  in  Latvian

Privatization  Agency  share  auction for money has acquired 62 658 600

shares  or 31,33% of JSC Latvijas Kuģniecība share capital. Decision to

acquire  JSC  Latvijas  Kuģniecība  shares  was  made  due  to  growing

competition  and with a goal to diversify risks for JSC Ventspils nafta

in oil transit business.