In 2015 LOTOS reported a model refining margin of USD 7.76/bbl, compared with USD 6.08/bbl the year before.

In Q4 2015, the model refining margin stood at USD 6.21/bbl (USD 7.32/bbl in the same period last year).

The margin calculation is built around the presented yield structure, with the following price indices assigned:

• 14.14%      gasoline (PRM UNL 10 ppm ARA);
• 4.24%      naphtha (Naphtha CIF NWE);
• 4.53%      LPG (50% Propane FOB NWE, 50% Butane FOB NWE);
• 49.57%      diesel oil (ULSD 10 ppm CIF NWE);
• 5.34%      jet fuel (Jet CIF NWE);
• 18.11%      heavy fuel oil (HFO 3.5%S ARA);
• 4.07%      refinery’s own consumption.

The margin calculation was reduced by the estimated cost of natural gas consumption (including transmission costs), totalling approximately USD 3 per barrel of processed oil.

Communications Office, Grupa LOTOS S.A., ul. Elbląska 135, 80-718 Gdańsk, Poland, tel. (+48) 58 308 87 31, (+48) 58 308 83 88, (+48) 58 308 83 55, e-mail: media@grupalotos.pl