OREANDA-NEWS. October 8, 2012. In the first nine months of this year “Ventspils nafta terminals” (VNT) – transshipped 9.81 million tons of petroleum products. Compared to the same period 2011 this equals an increase of 11.7%.

General Director of VNT, Lars Pantzlaff, stressed that the first three quarters of the year document that the company, despite the looming global economical uncertainties, shows a stable trend of improvement. Lars Pantzlaff also informed that during recent years the company has been continuously investing in its development, in order improve its operating infrastructure and efficiency to further increase cargo volumes to the terminal.

VNT provides transit services – receipt, storage and loading of crude oil and petroleum products via pipelines, rail tank-cars and tankers. VNT is technologically the most advanced and largest crude oil and petroleum product transshipment company in the Baltics with the total tank storage capacity of 1.2 million cubic meters.

51% of VNT is owned by JSC “Ventspils nafta”(NASDAQ OMX RIGA: VNF1R), which is one of the largest groups of companies in Latvia and operates in the sector of transit business. JSC “Ventspils nafta” is the Group’s parent company, which manages investments into the Group’s companies, by promoting the Group’s joint values and growth in the value of each individual company.