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Q1 operating results of JSC “Ventspils nafta” Group companies

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Q1 operating results of JSC “Ventspils nafta” Group companies

april 28, 2017 / Ventspils nafta

In the first quarter of 2017 JSC “Ventspils nafta’s” subsidiary ““Ventspils nafta” terminals” Ltd transhipped 2.3 million tons of petroleum products (2.7 million tons in 2016) and “LatRosTrans” Ltd transported 1.5 million tons (1.6 million tons in 2016).

Management of the JSC “Ventspils nafta” Group companies points out that the transported volumes are consistent with previous predictions. “Since the economic environment within the Baltic States is challenging, the Group remains cautious about petroleum product transportation volumes that can be reached this year. We continue optimising costs to compete in the current economic environment,” says Robert Kirkup, the Chairman of the Management Board of JSC “Ventspils nafta”.

““Ventspils nafta” terminals” Ltd (VNT) transhipped 919 thousand tons in March. In the 1st quarter of the year VNT received the awards as the best employer and biggest tax payer in Kurzeme in 2016.