| Emitents | Ventspils nafta, AS |
| Veids | Citi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2011-12-08 19:32:08 |
| Versijas komentārs | |
| Teksts |
On shareholding in LSC, future vision of LRT and VNT Simon Boddy, Chairman of the Management Board of JSC Ventspils
nafta (NASDAQ OMX RIGA: VNF1R) today announced that Ventspils nafta
(VN) has no intention of increasing its shareholding in Latvian
Shipping Company (NASDAQ OMX RIGA: LSC1R), which currently is
49.94%. He explained that it will not be done because even a few
more shares would take VN over the 50% mark and require a mandatory
offer to be made.
JSC Ventspils nafta also owns 66% of LatRosTrans which
according to Boddy will not experience crude oil running through
its pipes from Russia again which has nowadays many other routes to
export its crude oil. Boddy’s vision is for LatRosTrans to empty
and clean the oil pipeline and prepare it for transporting gas or
clean EU quality products – thus getting it back into business. As
for the other pipeline – LatRosTrans is intending to retain high
level of diesel flow which so far has been ensured by Transneft and
Vitol even though there is strong competition for Russian products
from Black Sea and other Baltic ports.
Boddy also mentioned that despite the excellent and on-going
efforts of LatRosTrans (LRT) security personnel and the Latvian
police, every month hundreds tons of diesel are stolen from the LRT
pipeline. That means for the state budget lost income of
millions of lats of taxes per year – because people who buy stolen
diesel would otherwise have bought legal diesel.
Speaking on the future of Ventspils Nafta Terminals (VNT),
Simon Boddy indicated that from the point of view of
rationalisation and shared costs it would make perfect business
sense to recombine VNT terminal with Ventbunkers, especially taking
into account that Ventspils is facing serious new competition in
the region from the Russian Ust-Luga terminal. There are no
negotiations started to implement this, stressed Simon Boddy,
and reminded that is a vision and not a strategy yet.
VNT estimates that the 4th quarter results will be such that
will allow for the net income of 2011 to be closer to the level of
that in 2010.
Additional information:
Ilze Nagla
Public Relations Manager
JSC “Ventspils nafta”
Phone: 29267454, 67715914
E-mail: ilze.nagla@vnafta.lv
www.vnafta.lv, www.vnt.lv
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