OREANDA-NEWS. February 7, 2008. The shareholder’s meeting of the shipment company of oil and oil products Ventspils nafta terminals Ltd, the subsidiary of JSC Ventspils nafta, has adopted a resolution on changes in the management structure of the Ventspils nafta terminals Ltdin order to ensure maximum efficiency of the management. In future, management functions of Ventspils nafta terminals Ltd will be implemented by supervisory council consisting of four people but economic activity will be managed by a member of the board, who will be the general director of the company at the same time.

The supervisory council of Ventspils nafta terminals Ltd will consist of four persons. According to resolution of the shareholder’s meeting, Olga Pзtersone, the chairperson of the management board of JSC Ventspils nafta has been elected a chairperson of the supervisory council, but Sam Lambroza and Robert Nijst, the representatives of Vitol Group –the joint owner of JSC Ventapils nafta and Ventspils nafta terminals Ltd – as well as Andris Vilcmeiers, the deputy of chairperson of the supervisory council of JSC Ventspils Nafta, were elected as members of the supervisory council.

Ronald Okker whose previous working experience is closely related with the transport and logistics field internationally, including in the companies of Vitol Group, has become a member of the board and a general director of Ventspils nafta terminals Ltd. Before working at the Vitol Group, R.Okker has worked in the company Royal van Ommeren as transport and logistics manager, manager of the Hong Kong region, director of Rotterdam agencies and managing director of the Rotterdam loading terminal. R.Okker has also been the managing director of the Royal Vopak Durbana terminal in South Africa and managing director of the Chemgas – gas storage and Europe’s major gas shipment fleet company in Netherlands. In the framework of Vitol, R.Okker is managing director of Eurotank terminals in Amsterdam and Rotterdam.

It must be reminded that results of activity of ““Ventspils Nafta” Terminals” Ltd, a subsidiary company of JSC “Ventspils Nafta” in 2007, when international oil and gas consortium Vitol Group company became a joint owner, have more than doubled, and the amount of cargo loading has again exceeded 10 million tons for the first time since 2003. In comparison with 2006, the loading amount of ““Ventspils Nafta” Terminals” Ltd has increased last year for 133.3%, reaching the amount 13.3 million tons of crude oil and petroleum products delivered to the terminal by railway, sea and a diesel petrol pipeline. Loading increase tendencies in the terminal can be observed also in the beginning of 2008 – the amount of crude oil and petroleum products loaded in January has increased for 0.3 million tons in comparison with January of 2007.