Emitents | Ventspils nafta, AS |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2012-04-26 16:19:40 |
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Volumes of petroleum products transported by LatRosTrans (LRT) have increased by 3% in 2011, reaching 5.79 million tons per year. Within the past two years, volumes of diesel transported by LRT have increased by about 54%, and the company anticipates that the positive trend will continue. For the first time since 2001, LRT has worked with a profit in
2011 – it was 8.02 million lats. The company’s profit of the
reporting year will not be distributed into dividends. The largest
investment programme since 2007 was approved for the company this
year – LRT is planning to invest 7.4 million lats into its economic
activity in the course of the next four years.
Value of LRT’s assets has increased by 10% in the past year,
as well as net turnover increased, reaching 10.2 million lats in
2011. Owing to the successful cooperation with the State Police of
the Republic of Latvia and the Internal Security Service
established in the company – the number of unauthorized connections
has decreased by over 50% in 2011 compared to the last year.
“The past year has been successful not only from a point
of view of business, but we have taken a large step forward
technologically as well”, emphasizes the Head of LRT Igors
Stepanovs. “ Last year LRT completed a project, which has won a
high appraisal of the industry specialists, for chemical cleaning
and preservation of a 102 km section of the Polotsk – Ventspils
crude oil pipeline. We have implemented such project for the first
time and have acquired a lot and have obtained priceless experience
that we will need in the future”, Stepanovs explains, pointing out
that only a third of the 336 km long crude oil pipeline owned by
the company is cleaned at the moment.
On March 7, 2012, the Chamber of Civil Cases of the
Supreme Court, ruled to cancel the prohibition for
LRTand its associated persons to perform actions
related to pumping out and removal of the technological crude oil
from the Polotsk – Ventspils main crude oil pipeline in the
territory of the Republic of Latvia. As a result of
this, LRThas legal rights to pump out and
remove the remaining crude oil and to use the crude oil pipelines
in its economic activities. “We are planning that we can cleanse
another part of the crude oil pipeline until the end of the year so
that the existing infrastructure can be adapted for new
business needs”, explains the Head of the
company.
About LatRosTrans
LatRosTrans Ltd owns two crude oil pipelines in the
territory of the Republic of Latvia: Polotsk-Mazeikiai and
Polotsk-Ventspils, which have not pumped oil in the last years, and
one petroleum product pipeline Polotsk-Ventspils, which currently
actively provides transport of diesel.
LatRosTrans Ltd is the largest
Latvian-Russian joint venture in the Baltic States. The Russian
partner – joint stock company Transnefteprodukt (subsidiary of
Transneft) owns 34% of the company’s shares, while 66% of the
shares are owned by joint stock company Ventspils
nafta (NASDAQ OMX RIGA: VNF1R). LatRosTrans is the second
largest limited liability company in Latvia in terms of the share
capital, which is 107.5 million lats.
Ilze Nagla
Public Relations Manager
JSC Ventspils nafta
Tel.: +371-29267454, +371-67715914
E-mail:
ilze.nagla@vnafta.lv
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