LOTOS

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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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  • LOTOS posts solid quarterly results
    General 2018-10-30 LOTOS posts solid quarterly results

    The Grupa LOTOS refinery operated at full capacity in the third quarter of 2018. The Group considerably improved its operating and financial performance and significantly reduced its debt during the period.

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  • LOTOS brings its rail transport on new track. The company plans to build hybrid drives for two locomotives
    General 2018-10-10 LOTOS brings its rail transport on new track. The company plans to build hybrid drives for two locomotives

    LOTOS Lab and LOTOS Kolej are running a project to construct two prototype hybrid shunting locomotives. This means that the two modernised locomotives will be electrically powered by a lithium-ion battery, while the alternative drive will be diesel in one locomotive and hydrogen in the other.

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  • Another LOTOS project with EU funding
    General 2018-10-08 Another LOTOS project with EU funding

    Grupa LOTOS and LOTOS Paliwa will obtain EU funding for their project to construct hydrogen purification and distribution units and two hydrogen refuelling points (in Gdańsk and Warsaw) as part of the Connecting Europe Facility (CEF). The project, worth almost EUR 10m, is to be placed in service in 2021.

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  • Adam Kasprzyk appointed spokesperson for LOTOS
    General 2018-10-03 Adam Kasprzyk appointed spokesperson for LOTOS

    Since October 1st, the spokesperson for Grupa LOTOS S.A. has been Adam Kasprzyk, who filled a vacancy which existed since November 2016.

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  • LOTOS builds second Polish gas pipeline in the Baltic Sea
    General 2018-10-02 LOTOS builds second Polish gas pipeline in the Baltic Sea

    LOTOS Petrobaltic has commenced another stage of a project to construct a 75-kilometre long gas pipeline between the B8 field production hub and the Energobaltic CHP plant in Władysławowo. The pipeline, laid on the Baltic seabed, is now being secured with concrete mattresses. The task is being performed by Sylur, a multi-purpose vessel.

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  • Appointment of Management Board member
    General 2018-09-10 Appointment of Management Board member

    Jarosław Wittstock, manager with nearly 25 years of experience, was appointed to the Management Board, Vice President for Corporate Affairs.

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