OREANDA-NEWS. On Wednesday, February 25, JSC Ventspils nafta, which is one of the largest groups of companies in Latvia operating in transportation, transhipment and storage of petroleum products, and JSC Latvijas ku?niec?ba held a business update presentation for shareholders, investors and other interested people. During the presentation, the management of JSC Ventspils nafta and JSC Latvijas kugnieciba talked about the current events in the company, as well as analysed the unaudited financial results of 2014.

During the presentation, management of the JSC Ventspils nafta Group pointed out that market environment is still full of challenges because the geopolitical instability combined with a weak economic growth in Europe has impact on operation of petroleum product transportation companies.

Presentations of the Group companies were hosted by Robert Kirkup, Chairman of the Management Boards of JSC Ventspils nafta and JSC Latvijas kugnieciba, Paul Thomas, member of the Management Board of JSC Latvijas kkugnieciba, Lars Pantzlaff, Managing Director and member of the Management Board of Ventspils nafta termin?ls Ltd, as well as Igors Stepanovs, Managing Director and member of the Management Board of LatRosTrans Ltd.

The management of JSC Ventspils nafta and JSC Latvijas kugnieciba thanks everyone who participated in the business update presentation in presence and through the live internet broadcast.

About JSC Ventspils nafta

JSC Ventspils nafta is one of the largest groups of companies in Latvia and works in the petroleum product transport, transhipment and storage, as well as shipping sector. JSC Ventspils nafta is the Groups parent company, which manages investments in subsidiary companies, by promoting the Groups joint values and growth in value of each individual company.

JSC Ventspils nafta owns 51% in Ventspils nafta terminals Ltd, which is the largest crude oil and petroleum product terminal in the Baltics; 66% in LatRosTrans Ltd, which is the largest Latvian-Russian joint venture in the Baltics; 49.94% in JSC Latvijas kugnieciba, which is among the leading ship owners in the world in the medium-sized and handy tankers category

Shares of JSC Ventspils nafta (NASDAQ OMX RIGA: VNF1R) are quoted in the Baltic Official List of the stock exchange NASDAQ OMX Riga since October 20, 1998.