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Record of Investor Conference Webinar of JSC “Ventspils nafta” on Third Quarter 2014 results

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Record of Investor Conference Webinar of JSC “Ventspils nafta” on Third Quarter 2014 results

december 5, 2014 / Ventspils nafta

On Thursday, December 4, 2014 JSC “Ventspils nafta” organized its Investor Conference Online Webinar for shareholders, investors and other stakeholders. During the webinar Chairman of the Management Board of JSC “Ventspils nafta” Robert Kirkup informed about company's latest activities, analysed the financial results of the thrid quarter.

The recorded JSC “Ventspils nafta” webinar is available online:http://ej.uz/VN_LK_vebinar_Q3_2014 , and the presentation, demonstrated during the webinar, can be found in the previously published JSC “Ventspils nafta” announcement:https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=635892&messageId=789499 

During the presentation, management of JSC “Ventspils nafta” indicated that the geo-economic situation could have an adverse effect on the amounts of transhipped cargo. In case of the worst scenario, amounts in 2015 could decrease by 2.5 to 3 million tons. Chairman of the Management Board of JSC “Ventspils nafta” Robert Kirkup also emphasized that “LatRosTrans” Ltd. had completed removal of crude oil from the pipeline. It is expected that the sale of crude oil could be completed in the first quarter of 2015.

JSC “Ventspils nafta” thanks all participants, who joined the webinar, and encourages everybody to follow company’s announcements to get information on the next webinar.

About JSC “Ventspils nafta”

JSC “Ventspils nafta” is one of the largest groups of companies in Latvia and works in the petroleum product transport, transshipment, storage and shipping sector. JSC “Ventspils” nafta is the Group’s parent company, which manages investments in subsidiary companies, by promoting the Group’s joint values and growth in value of each individual company.

JSC “Ventspils nafta” owns 51% in “Ventspils nafta terminals” Ltd, which is the largest crude oil and petroleum product terminal in the Baltics; 66% in “LatRosTrans” Ltd, which is the largest Latvian-Russian joint venture in the Baltics; 49.94% in JSC “Latvijas kugnieciba”, which is among the largest ship owners in the world in the medium-sized and handy tankers category.

Shares of JSC “Ventspils nafta” (NASDAQ OMX RIGA: VNF1R) are quoted in the Baltic Official List of the stock exchange NASDAQ OMX Riga since October 20, 1998.

Elīna Dobulāne, Communications Consultant

JSC “Ventspils nafta”

Phone: +371-25959447

E-mail: elina.dobulane@vnafta.lv

 

www.vnafta.lv