A third in a row Record-breaking year for ORLEN Lietuva

25-01-2018  News

„ORLEN Lietuva“ naftos produktų perdirbimo gamykla 800.jpg

In 2017, ORLEN Lietuva achieved:

  • 244 MM USD net profit;
  • 96.3 per cent Refinery capacity utilization.

The net profit of ORLEN Lietuva in 2017 amounted to 244 million USD which, in comparison to the 2016 result, is higher by six million USD and higher by seven million USD then in 2015. It is therefore for the third time in a row the best demonstrated result since 2006 when the Company was acquired by the Polish Oil Concern PKN ORLEN.

Last year, the Mazeikiai based refinery was operating on the level of 96,3% capacity utilization and processed more than 10 MM tons of crude oil.

“After three record-setting years we feel strongly challenged for 2018. However we need to be aware that the upcoming months might bring changes in the macroeconomic environment. Our long-term goal is to remain profitable and be able to flexibly adjust to market conditions.” – said Michał Rudnicki, General Director of ORLEN Lietuva.

The company undergoes continues investments and a new tank in Butinge will be operative in the first quarter of this year. On the other hand, some major maintenance works in the refinery are scheduled for 2018 , however in a smaller range comparing to 2017.

“We are also proud to be able to continue our partnership with projects and people that share our values, energy and commitment to automotive world. I would like to use the opportunity to wish luck to Flameris Racing team, sponsored by ORLEN Lietuva. In one week as the only Lithuanian team they will compete in Historcial Rally in Monte Carlo” – addressed Mr. Rudnicki.

ORLEN Lietuva is the biggest Lithuanian company, exporter and tax payer. Since 2006, PKN ORLEN has spent nearly USD 4 billion on the acquisition and further investments in the Mazeikiai refinery.

PKN ORLEN is a modern player on the fuel and power market, the largest company in Central and Eastern Europe, included in the prestigious Platts TOP250 list and Thomson Reuters TOP100. Furthermore, ORLEN is the only company in the region to have been named The Most Ethical Company of 2014, 2015, 2016 and 2017 by the US Ethisphere Institute.



ORLEN Group brands