LOTOS

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  • LOTOS Petrobaltic has commenced cooperation in the use of TETRA critical communication system
    General 2019-05-21 LOTOS Petrobaltic has commenced cooperation in the use of TETRA critical communication system

    The TETRA critical communication system, implemented and successfully used at the Energa Group, has also been tested in sea and medical rescue operations in the Pomerania region. This most advanced radio communication system in Europe will now also be used by LOTOS Petrobaltic. Offered by Enspirion, the critical communication service will ensure reliable communication both in emergency situations and in day-to-day operations.

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  • LOTOS at 30th International Conference DRILLING-OIL-GAS AGH 2019
    General 2019-05-20 LOTOS at 30th International Conference DRILLING-OIL-GAS AGH 2019

    LOTOS E&P NORGE will participate in the 30th International Conference DRILLING-OIL-GAS AGH 2019 organised by The University of Science and Technology in Krakow, one of the leading technical universities in Poland.

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  • Appointment of new member to LOTOS Asfalt Management Board
    General 2019-05-10 Appointment of new member to LOTOS Asfalt Management Board

    On April 26th 2019, the Supervisory Board of LOTOS Asfalt appointed Olgierd Buchocki as Member of the Management Board (with effect from May 6th 2019).

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  • Grupa LOTOS announcement
    General 2019-05-09 Grupa LOTOS announcement

    Deliveries of crude oil by sea and the release of mandatory stocks ensure stable supplies of oil to Grupa LOTOS in the upcoming weeks. The Gdańsk refinery operates uninterruptedly at full capacity. At the same time, the Grupa LOTOS representatives, other refineries and PERN (negotiations leader) are working towards solving the issue of contaminated oil, both in the technical and commercial aspects.

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  • LOTOS posts strong first-quarter results
    General 2019-04-30 LOTOS posts strong first-quarter results

    Clean LIFO-based EBITDA reported by the LOTOS Group for the first quarter of 2019 is PLN 632m, a 17% increase year on year. The LOTOS refinery in Gdańsk operated at full capacity during the first three months of the year.

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  • Statement from Grupa LOTOS concerning suspension of oil supplies from Russia
    General 2019-04-25 Statement from Grupa LOTOS concerning suspension of oil supplies from Russia

    Due to the deterioration of REBCO quality parameters, the Ministry of Energy decided to halt its supplies at the Adamowo connection point. Grupa LOTOS S.A.’s existing stocks of crude oil allow it to maintain continuity of production at the Gdańsk refinery. The situation has no impact on the quality of fuels sold at LOTOS service stations.

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  • LOTOS and PGNiG: first commercial LNG bunkering of ships at Polish sea ports
    General 2019-03-19 LOTOS and PGNiG: first commercial LNG bunkering of ships at Polish sea ports

    Between March 13th and March 18th 2019, Grupa LOTOS and PGNiG completed two LNG commercial bunkering operations for seagoing ships. These were the first such operations carried out at the sea ports of Gdańsk and Gdynia. LOTOS and PGNiG are set to continue cooperation in LNG bunkering as this will enhance the competitiveness of Polish ports and promote the use of LNG, as an environmentally friendly fuel, in the Baltic Sea.

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  • LOTOS delivers strong profit for 2018
    General 2019-03-12 LOTOS delivers strong profit for 2018

    The financial performance of the LOTOS Group in 2018 confirms its robust condition. The Group delivered a consolidated net profit of PLN 1.6bn and adjusted LIFO-based EBITDA of PLN 3.1bn, the highest figure on record. Revenue came in at PLN 30.1bn, up 24.5% on 2017, and CAPEX spending was PLN 1bn. The refinery processed the largest amount of crude oil in its history – 10.8 million tonnes. At the end of 2018, the LOTOS share price on the Warsaw Stock Exchange came close to PLN 90 per share. For the second year in a row, the Company paid dividend.

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  • Fuel and engine for digital growth
    General 2018-12-12 Fuel and engine for digital growth

    Grupa LOTOS and Microsoft have signed an agreement paving the way for the development of joint projects and solutions based on artificial intelligence and state-of-the-art information technology. Their collaborative partnership will commence with the establishment of the Competence Centre for Artificial Intelligence, Digital Innovation and Advanced Data Analytics. The expected synergy gains from up-to-date technology solutions are estimated to exceed EUR 10m.

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  • DCU slated for completion in H1 2019
    EFRA 2018-11-02 DCU slated for completion in H1 2019

    LOTOS has reached an agreement with KT-Kinetics Technology, the main contractor on the EFRA Project. According to a draft annex, the delayed coking unit (DCU) is to reach the RFSU (ready for start up) status by May 31st 2019. The target economic and financial effects of the EFRA facilities are expected to show in the Group’s consolidated financial results for Q4 2019.

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