Ventspils nafta AS engages in the petroleum product transport, transshipment, storage, and shipping businesses. It operates through the following business segments: Crude Oil and Oil Products, Shipping, and Holding Activities. The Crude Oil and Oil Products segment transports, stores and reloads crude oil and oil products. The Shipping segment offers transportation services through handy sized and medium range tankers. The Holding Activities segment involves management of investments in subsidiaries and associated companies. The company was founded on September 30, 1961 and is headquartered in Riga, Latvia.