JSC   Ventspils  nafta  Supervisory  Board  has  reviewed  the  company

financial reports for the first six months of the year. The company net

sales amount to LVL 24.4

million, and net profit is LVL 10.4 million.

Proceeding  from the company performance in the first six months of the

year,  Supervisory  Board has agreed to adjust the budget for 2001, and

has resolved to increase the operational revenue forecast figure by LVL

9 million, up to LVL 86

million,  whereas  net  profit  forecast  figure was increased by LVL 5

million, up to LVL 13.6 million.