Grupa LOTOS S.A. is a vertically integrated oil concern from Poland

Poland

Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...

 based in Gdańsk

Gdansk

Gdańsk is a Polish city on the Baltic coast, at the centre of the country's fourth-largest metropolitan area.The city lies on the southern edge of Gdańsk Bay , in a conurbation with the city of Gdynia, spa town of Sopot, and suburban communities, which together form a metropolitan area called the...

. The company is listed in the Polish index WIG 20

WIG

WIG, originally an acronym for Warszawski Indeks Giełdowy is the oldest index of the Warsaw Stock Exchange, introduced on the WSE's first trading session on 16 April 1991...

. Its main activity branches are: crude oil production, refining and marketing of oil products.
The company is a leader in lubricants on polish market. Grupa LOTOS is a producer of unleaded gasoline, diesel, fuel oils, aviation fuels, motor and industrial lubricants, bitumens and waxes.

Consolidation

Grupa LOTOS is a holding composed of Grupa LOTOS S.A. - the parent undertaking which manages the refinery in Gdańsk - and 18 direct subsidiaries, including LOTOS Czechowice (former Czechowice Refinery), LOTOS Jaslo (former Jaslo Refinery), crude oil exploration and production company Petrobaltic

Petrobaltic

Przedsiębiorstwo Poszukiwań i Eksploatacji Złóż Ropy i Gazu "Petrobaltic" S.A. is a Polish oil company that has received fame of late for discovering the lost Nazi Aircraft Carrier Graf Zeppelin.-History:It was setup in November 1990...

. In the end of June 2006 Grupa LOTOS employed 5547 people. This is 112 employees more than in the end of 2005.

Profits

Grupa LOTOS holding group consolidated net profit for the first quarter of 2006 financial year, estimated in accordance with IFRS reached approx. PLN 118 million. Grupa LOTOS holding group consolidated net profit for whole 2005 financial year, estimated in accordance with IFRS reached approx. PLN 970 million. This is circa PLN 426 million more comparing to financial data from 2004.

Capacity

Gdańsk refinery

Gdansk refinery

The Gdansk refinery is an oil refinery located in Poland in the town Gdansk. It is owned by Grupa Lotos. The refinery capacity is 120 kbpd of crude oil and it has a Nelson complexity index of approximately 10.-See also:* Oil refinery* Petroleum...

, owned by Grupa LOTOS S.A., refines 6 million tons of crude oil per year. In 2005 Grupa LOTOS holding group sold over 5.7 million tons of crude oil based products.

Future

Retail Petrol Stations Network Development Programme, which launched at the end of 2004 assumes expansion of the network stations to 500 outlets. That will allow Grupa LOTOS to increase its share in the retail fuel market to approx. 10% in 2012. Purchase of Esso

Esso

Esso is an international trade name for ExxonMobil and its related companies. Pronounced , it is derived from the initials of the pre-1911 Standard Oil, and as such became the focus of much litigation and regulatory restriction in the United States. In 1972, it was largely replaced in the U.S. by...

 and Slovnaft

Slovnaft

Slovnaft is the largest oil refinery in Slovakia. It was established in 1957 in Bratislava. In 2000, Slovnaft became part of the Hungarian MOL Group, which owns 98.4 % of the shares. Slovnaft has two foreign branches nowadays: Slovnaft CZ in the Czech Republic and Slovnaft Polska in Poland...

petrol stations networks in Poland (both networks hold high quality standards and possess sell volume higher than the average petrol station in Poland) indicates concrete acceleration in the process of creation a modern cross-country retail stations network.

Development

Grupa LOTOS strategy aims chiefly at: accomplishment of Gdańsk refinery investment programme (10+ Program), development of crude oil procuction activity and further shares growth in retail and wholesale petrol market.

External links

• Grupa LOTOS - Official Website of Grupa LOTOS