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Transhipment volume of AS VENTBUNKERS in January 2015

2015 - 02 - 10

During the first month of 2015 the total amount of oil products transhipped in AS VENTBUNKERS terminal equals 151’476 tons. All the transhipped amount in January comprises dark oil products (fuel oil and vacuum gasoil). Although the dark oil products volume is 26% less than in the previous month and 23% less than in January last year, the overall amount transhipped is considered as good, given the intensive capital repairs of the rail tank discharge track in January during which acceptance of the products was difficult.

 

Though no light products were loaded on tankers in January, terminal’s light oil products transhipment and storage capacity was loaded enough as bulk of 130 thousand tons of light oil products were stored in the terminal’s reservoirs on behalf of the client during the entire month.

 

In 2014 terminal’s technologies were improved in order to provide simultaneous storage and transhipment of various sorts of light oil products, including storage and transhipment of biodiesel. Also the responsible state authorities have issued licences allowing blending of various light products during the transhipment process in behalf of the clients, obtaining fuel of certain required quality parameters. Meanwhile negotiations are in process with current and other potential light oil products transhipment clients in order to effectively load the light products transhipment capacity of AS VENTBUNKERS terminal in future.

 

Unaudited results of AS VENTBUNKERS operations in 2014 show that the company’s revenue within this period exceeds EUR 54 million and net income exceeds EUR 17 million. AS VENTBUNKERS terminal continuously has been employing more than 320 employees and the total amount of tax paid to national and municipal budgets exceeds EUR 2.8 million. In 2014 AS VENTBUNKERS invested EUR 1.7 million in capital assets, including modernisation of technological processes of the terminal, implementing a number of environmental and ecological safety related projects.

 

In 2014 AS VENTBUNKERS has continued the tradition of being active company beyond its business activities. Various projects related to sports, health care and other areas had been supported in 2014. AS VENTBUNKERS traditionally patronises motocross cup. For the second year AS VENTBUNKERS donated substantial amount to the Children’s Clinical University Hospital. In total half a million euros had been donated to various public benefit organisations during the year.

 

AS VENTBUNKERS management keeps working intensively to maintain economic and technological advantages of the terminal during the current complex economic and geopolitical circumstances, and to retain the current level of transhipment volume also in 2015.

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