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).