Ventspils nafta terminals

COMPANY PROFILE

2015

VENTSPILS NAFTA TERMINALS

www.vnt.lv | +371 63 664 090

Efficient transshipment in the Port of Ventspils Editorial: Rosie DeWinter

As the most technologically advanced and largest crude oil and petroleum product trans-shipment company in the Baltic Sea region today, Ventspils nafta terminals (VNT) has a total tank storage capacity of an exponential 1.2 million cubic metres. Providing a range of transit services, this Latvian company continues to diversify, placing environmental and community projects high on its list of commitments‌ With an irrefutable reputation as the

Ventspils Nafta Group.

VNT is able to offer innovative and

largest and most technologically advanced crude oil and petroleum product trans-shipment company within the Baltic States region, Ventspils nafta terminals (VNT) is a core company of one of the largest group of companies in Latvia – the

With five decades of invaluable experience operating within the icefree port of Ventspils, its facilities today cover a total area of more than 100 hectares including a tank farm with 105 storage tanks.

Operating in such a vast area,

competitive services, all from one united control room.

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PETROLEUM PRODUCT SERVICES The handling and storage of petroleum products requires not

VENTSPILS NAFTA TERMINALS only the highest safety measures to be implemented but environmental care and consideration, which has been integral to the company, especially within the last decade.

VNT offers a variety of services, namely the receipt of gas oil from the Polotsk-Ventspils pipeline and petroleum products by either rail or sea. The company also deals in the storage of these products – the VNT petroleum product storage tank farm, with a total capacity of 1,195 000m 3, is the largest in the Baltic Sea region.

Since 2010, VNT has been recognised as the sole provider within the region of butanisation – a method involving the mixing of gasoline with liquid butane using in-line blending technology.

In addition to the storing of petroleum products, VNT provides the trans-shipment of gasoline and gas oil which takes place at four berths located in the port of Ventspils. This facility can also service four vessels and is able to withstand a deadweight of between 2,500-100,000 tons.

Impressively, VNT’s facilities do not stop at the storage and transportation of petroleum products and gas oils, the facility also includes a laboratory where 165 quality tests can be carried out each day which works out to be 40,000-60,000 every year.

Operating on a 24/7 basis, VNT’s on site fire-fighting station, with a fully automated control centre boasts some of the most advanced equipment and technology in Latvia today. With

the company.

A member of the Management Board and Managing Director of VNT, Lars Pantzlaff has got his fair share of experience within the industry, previously working for U.S. company APV Systems Inc., where he monitored projects from Australia to the USA and Uzbekistan.

Also working for Lurgi Oel Gas Chemie GmbH, Pantzlaff managed communications and interfaces with investors and local communities at the Trinidad Methanol plant construction site and more recently, he has worked with Uhde GmbH on an industrial chemical complex in Egypt before joining Ventspils nafta terminals in 2009.

Instrumental to the industry, VNT provides specialised petroleum product handling processes and trans-shipment, placing it as an important transit market leader. It currently has three rail racks which are used for the handling of rail tank cars carrying the products VNT transports; including gasoline, gas oil and crude oil. Railway rack No.4 has the option of being utilised for gasoline blending with

over 300 fire extinguishing foam and water hydrants and a fleet of eight fire-fighting vessels, this only cements the importance of safety standards further and illustrates how regulated environmental and safety measures is instrumental to

liquid butane – from August 2009 VNT began to provide blending operations on vessels – and allows for the servicing of up to 10 rail tanks cars simultaneously.

VNT is able to discharge 176 tank cars at the same time with a

staggering total annual capacity of the terminal of 7, 000 000 tons for receiving products via the railway.

ENVIRONMENTAL MANAGEMENT SYSTEM The topic of sustainability and environmental awareness is integral to the company, setting up its Environmental Management System, this helps to analyse the operations of the company and the potential risks, ensuring regular and efficient environmental monitoring.

A network of groundwork monitoring wells, allow VNT to assess the quality within both the terminal and along the pipeline corridor up to the port. The information collected is then analysed, summarised and inputted into an ecological database.

This information is then regularly reported to the City Council and Regional Environmental Board of the State Environment Service regarding air quality observation.

In addition to the data system it

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operates, VNT has in place a number of environmental measures including a petroleum product vapour recovery system which has been implemented on several of its tanks and one rail tank car loading rack.

With ten years’ worth of investment in resources for the remediation of the environment, VNT has adopted a noteworthy responsibility to reduce its impact on the environment, which has been heavily influenced through the introduction of the Environmental Management System.

COMMUNITY FOCUS In September 2013, Riga Technical University (RTU) and Ventspils nafta terminals signed a mutual cooperation agreement in science and professional development. W ith VNT’s ongoing commitment to the community and students, it provides internships in

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“VNT is the largest trans-shipment company for petroleum products in the Baltic States and we have the constant ambition as to our technological base providing a wealth of opportunities to grow cooperation on the technical field”

the affined fields of studies according to the curriculum.

The agreement between these two companies will help to promote innovative learning, joint research activities and development.

In a statement, Lars Pantzlaff explained: “Exposing students to the business environment, such as VNT, along with their academic curriculum is an important cornerstone for becoming a wellrounded future professional. For us such interaction is exciting and we are confident in this cooperation between RTU, its students, and VNT. VNT is the largest trans-shipment company for petroleum products in the Baltic States and we have the constant ambition as to our technological base providing a wealth of opportunities to grow cooperation on the technical field.”

VENTSPILS NAFTA TERMINALS A BRIGHT FUTURE In November last year, Ventspils Nafta reported profits of €6.87 million in 9M/2014 which is largely attributed to the €6.37 million dividend income derived from its investment in Ventspils nafta terminals.

Reporting its net profit of €10.29 million, VNT’s income also rose by €4.53 million to €59.95 million which the company attributes to the minor growth in its volumes of petroleum products to 8.5 million tonnes.

Receiving a Gold in the Sustainability Index in June last year, Pantzlaff explained: “Over several years we have purposefully worked to reach one of the best positions in Latvia regarding matters of occupational safety and environmental

“Over several years we have purposefully worked to reach one of the best positions in Latvia regarding matters of occupational safety and environmental protection, therefore we are really pleased that our efforts have led to us being awarded with the Golden category”

protection, therefore we are really pleased that our efforts have led to us being awarded with the Golden category” - the future for this company, which has now spanned half a century, is looking positive. And now, VNT is gearing towards insuring the efficiency of its operations remains positive and contributes in bringing value to both the customers and company shareholders.

Impressively, over the course of the last five years, an estimated 15 million LVL (lats) has been invested in the development of this company which no doubt will continue to invest its experience and technical knowledge, resulting in a very successful and bright future within the Port of Ventspils

We wish our partner Ventspils Nafta Termināls Ltd a prosperous, happy and successful New Year 2015!

Created by Nikola (6 y.) daughter of BTS employee

JSC “BALTIJAS TRANZĪTA SERVISS” Andrejostas Street 10, Riga, Latvia, LV-1045, Tel: +371 67233633 Fax: +371 67704222 E-mail: bts@bts.lv

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