LOTOS

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  • LOTOS and EPRI – strategic partnership for innovation
    General 2018-03-14 LOTOS and EPRI – strategic partnership for innovation

    In line with its strategy for 2017–2022, for nearly the last two years Grupa LOTOS S.A. has been consistently carrying out innovative research projects in partnership with experts from the Silicon Valley’s prestigious Electric Power Research Institute (EPRI), one of the world's most respected research institutions in the energy sector. 

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  • LOTOS Upstream enters the game
    General 2018-03-12 LOTOS Upstream enters the game

    February 1st saw LOTOS Upstream commence its business operations. Its group already includes LOTOS Norge and LOTOS Geonafta, which will soon be joined by Baltic Gas. The plan is to expand operations into new areas, with priority given to the UK Continental Shelf, with the ultimate goal of doubling the LOTOS Group’s production volumes.

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  • Prime Minister of Lithuania open to partnership with LOTOS in ​​hydrocarbon production
    Upstream activity 2018-03-09 Prime Minister of Lithuania open to partnership with LOTOS in ​​hydrocarbon production

    The LOTOS Group has gained the support of Prime Minister Saulius Skvernelis to expand its business activities in Lithuania. One of the subjects discussed by the Polish delegation led by Prime Minister Mateusz Morawiecki and Minister of Energy Krzysztof Tchórzewski during their recent visit in Vilnius was the Polish-Lithuanian cooperation in the energy sector, including potential partnership in oil ​​exploration and production in the Lithuanian territorial waters.

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  • LOTOS posts record profit for 2017
    General 2018-03-07 LOTOS posts record profit for 2017

    Last year was the first one covered by the LOTOS Group’s new 2017–2022 strategy. The Group’s consolidated net profit for that year of PLN 1.7bn, up 65% yoy, was the highest on record. Normalised consolidated LIFO-based EBITDA was close to PLN 3.1bn, up 18% yoy. Consolidated revenue topped PLN 24bn.

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  • LOTOS builds CVC fund management team
    General 2018-02-14 LOTOS builds CVC fund management team

    Grupa LOTOS has begun the process of selecting the management team to launch a corporate venture capital (CVC) fund with an estimated value between EUR 40m and EUR 50m. 

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  • The Grupa LOTOS refinery is already operating at full performance
    General 2018-02-09 The Grupa LOTOS refinery is already operating at full performance

    On Friday, February 9th 2018, all units of the Grupa LOTOS Gdańsk refinery resumed operation. They were gradually brought on stream from Tuesday after a short interruption in electricity supply from an external source occurred. The incident had no bearing on sales of products.

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  • Power outage halts refinery operations
    Refining activity 2018-02-06 Power outage halts refinery operations

    A thirty-minute disruption in the power supply from an external station halted production at the Gdańsk refinery. The incident has had no impact on sales of petroleum products manufactured at the refinery.

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  • LOTOS secures two new licences in Norway
    Upstream activity 2018-01-17 LOTOS secures two new licences in Norway

    On January 16th 2018, LOTOS Exploration and Production Norge AS (“LOTOS Norge”) was offered two new exploration and production licences by the Norwegian authorities in the APA 2017 round.

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  • Announcement about EFRA Project
    EFRA 2018-01-12 Announcement about EFRA Project

    The Management Board of Grupa LOTOS announces that the risk of failure to meet the deadline for obtaining full operational readiness of the Delayed Coking Unit has materialised. 

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  • LOTOS’ sponsorship contract with Polish Football Association extended until 2022
    General 2018-01-06 LOTOS’ sponsorship contract with Polish Football Association extended until 2022

    Grupa LOTOS and the Polish Football Association have signed a contract under which the Company will remain the Main Sponsor of the Polish National Football Team, but will also join a number of other projects to support what is clearly the single most popular spectator sport among Polish fans.

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