1 Republic of Latvia Market situation 2014 The Latvian Fuel traders association (LDTA) Bratislava,

2 Republic of Latvia Bratislava,

3 Republic of Latvia Bratislava,

4 Republic of Latvia Bratislava,

5 Republic of Latvia Bratislava,

6 Republic of Latvia Bratislava,

7 Total sold quantity of road fuels Metric tons Bratislava,

8 Quantity of petrol stations Bratislava, on the date witout LPG only LPG universal (include LPG) TOTAL

9 Biofuels Mandatory blending of biofuels is set in Latvia: – 5% of bioethanol to all 95 octane gasoline; – 5% of RME biodiesel to all diesel fuel (except for the winter period); Small quantities of E85 and B100 Bratislava,

10 Compulsory Oil Stocks Full service purchased from Latvian and EU companies with annual announcement of an open tender. The total volume of storage are corresponding to at least the average daily net imports to 90 days. The stocks are using the real products. “Tickets” are not allowed. Bratislava,

11 Grey zone in fuels Amount of fuel with unpaid taxes expected additional 10-20% of market! -Open border with Russia and Belarus; -Tax fraud schemes from EU countries; -Ports, bunkering. Bratislava,

12 Thank You for attention! Chairman of the Board Mārtiņš Stirāns Bratislava,