OREANDA-NEWS. February 7, 2008. Starting with 2008, tendencies of increasing handling amounts of crude oil and petroleum products that were observed throughout 2007 are continuing at the Ventspils nafta terminals Ltd, a subsidiary of JSC Ventspils nafta and crude oil and petroleum product transhipment company.

In January of 2008, more than 1.2 million tons of crude oil and petroleum products were handled at Ventspils nafta terminals Ltd, which is 0.3 million tons more than in January of 2007. In the structure of the handled cargos during the first month of the current year, major proportion is formed by diesel petrol delivered by railway and by oil product pipelines – 0.9 million tons. Different sorts of car petrol transported by railway amount to 0.2 million tons of the total handling amount, but crude oil and petroleum products delivered by sea – 0.1 million tons.

Cargo increase tendencies at Ventspils nafta terminals Ltd have been observed since 1997 upon the international oil and gas consortium Vitol Group company becoming a joint owner. Crude oil and petroleum product handling amount at the terminal increased for more than twice, namely for 133.3% in 2007, exceeding 10 million tons again for the first time since 2003.