LOTOS

Header
  • 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. 

    more
  • 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.

    more
  • 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.

    more
  • 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.

    more
  • 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.

    more
  •  LOTOS signs first forward contract for US crude
    Refining activity 2017-12-13 LOTOS signs first forward contract for US crude

    Grupa LOTOS S.A. has signed a forward contract for the supply of US crude oil to its Gdańsk refinery. Under the contract, at least five cargoes of oil will be delivered by sea in 2018.

    more
  • Another delivery of crude oil from the US to Grupa LOTOS
    Refining activity 2017-12-06 Another delivery of crude oil from the US to Grupa LOTOS

    LOTOS purchased another cargo of US oil. A tanker carrying 650,000 barrels (i.e. about 80,000 tonnes) of US WTI Midland crude is on its way to Naftoport in Gdańsk. The transaction is in line with LOTOS’s consistently pursued strategy for diversification of supply sources. All decisions to purchase crude oil are taken on a case-by-case basis, taking into account the technological and economic effectiveness. At present, every fifth barrel of oil processed by the Grupa LOTOS Gdańsk refinery is imported from sources other than markets east of Poland.

    more
  • First shipment of US oil to LOTOS arrives in Gdańsk
    Refining activity 2017-11-09 First shipment of US oil to LOTOS arrives in Gdańsk

    St. Helen, a tanker vessel carrying 600 thousand barrels (approximately 80 thousand tonnes) of Domestic Sweet (DSW) crude oil from the US, arrived this morning at the Gdańsk Naftoport. This is another purchase made by LOTOS, but the first ever imported from the US as part of the Company’s consistently implemented strategy to diversify feedstock supply sources.

    more
  • Grupa LOTOS posts record-high results for Q3 2017
    General 2017-10-26 Grupa LOTOS posts record-high results for Q3 2017

    Q3 2017 saw further significant improvement in LOTOS’ operating and financial performance. The Company increased revenue and profits, while considerably lowering its debt. It is consistently pursuing the safe and sustainable growth strategy for 2017−2022 by taking further steps, such as diversification of feedstock supply sources and implementation of innovative projects, including research on second- and third-generation biofuels, hydrogen technologies and electric mobility. In September 2017, LOTOS declared that it would build 12 electric vehicle charging points at its stations on the Gdańsk – Warsaw route. Like other innovative projects, the investment was co-funded by the EU.

    more
  • LOTOS is set to build 12 EV charging stations
    Market activity 2017-09-06 LOTOS is set to build 12 EV charging stations

    LOTOS is set to build 12 electric vehicle charging stations, enabling electric cars to travel from Gdańsk and Gdynia to Warsaw and back. A smartphone app will help motorists find the charging points and check prices.

    more