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Refining activity
HBO Project moves on to execution

HBO Project moves on to execution

The project intended to equip the LOTOS refinery in Gdańsk with capacities to produce high quality lubricating base oils by 2025 is entering the execution phase. On September 28th 2021, LOTOS signed a contract for the construction of a Hydrocracked Base Oil (HBO) facility. The main contractor is KT - Kinetics Technology S.p.A., with which LOTOS collaborated in the past on the EFRA Project. The value of the HBO Project totals over PLN 1.4bn.

General
LOTOS Norge to sponsor Polske Filmdager 2020

LOTOS Norge to sponsor Polske Filmdager 2020

The Polske Filmdager 2020 Festival will feature a mix of film screenings, bilingual discussion panels, meetings  with artists, as well as exhibitions and concerts intended to promote Polish culture among the Norwegian audience. This year, the festival will be held as a hybrid event, both on-site (in Oslo and Fredrikstad)  and online. The first film screenings are slated for October 10th. The main sponsor of the event is LOTOS Exploration & Production Norge.

Finance
LOTOS to pay dividend despite challenging times

LOTOS to pay dividend despite challenging times

The Grupa LOTOS Management Board has recommended the payment of a dividend of PLN 1 per share for 2019. The recommendation demonstrates the Company is in a strong financial position and continues to deliver on its business strategy, in which the company declared it would maintain its dividend payment capacity. But the recommendation is also a rational decision aimed at securing funding for the company’s capex projects and providing liquidity in a difficult time of recession caused by the coronavirus pandemic.