Biggest taxpayer in
Lithuania Public Company ORLEN Lietuva received 1.519 billion USD revenue in
first quarter of 2025 – 2% less than in same period last year, as prices of
fuel products in world markets were lower, while sales volume was higher by 13%.
Compared to
the same period last year, seaborne sales increased by 11% while inland sales,
where ORLEN Lietuva operates as a stable energy supplier, were up by 14%. However, this result reflects mostly export of
products as sales in Lithuanian market were 15% lower.
„Despite a difficult
macroeconomic environment, ORLEN Lietuva continued its role as a stable fuels
supply to various businesses and private customers in the region. We continue
our efforts to stay operationally efficient and competitive in world fuels
markets. And I can confirm that our 1 billion Euro investment in Bottom of the Barrel
installation in near future will place our refinery among the most efficient
ones in Europe“, – said ORLEN Lietuva CEO Zbigniew Paszkowicz.
Company
owned refinery in Mažeikiai processed 2.4 million tons of feedstock – 365 thousand
tons more than in first three months of last year and operated at 92.8%
capacity utilization level as planned Spring slowdown was performed in second
quarter of this year – a month later than last year. This resulted in higher
throughput of crude oil, higher sales and various other indicators when
compared to first quarter of 2024.
Unfavorable
macro-economic scenario resulted in a negative net result of -28.7 million USD
for 1st quarter of 2025 – it was positive 58.0 million USD same
period last year.
Work
continues in one of the biggest construction sites in Lithuania where 23
football-field-sized hydrocracker installation, also called Bottom of the
Barrel, is being built. This investment will allow more and higher value-added
products to be produced from the same amount of raw material, reducing or all
together eliminating production of fuel oil.
ORLEN
Lietuva has been the largest taxpayer in the country for a number of years and
is a very important part of the Lithuanian economy. Since 2006, for acquisition
and modernization of refinery in Mažeikiai ORLEN has invested almost 4.5
billion Euro. In addition, ORLEN Lietuva operates the crucial Būtingė terminal
in Lithuania, the main port for feedstock supplies. Several years ago, the
company acquired and is currently modernizing the Mockava railway terminal, an
important transshipment station for the smooth export of products to Poland and
Ukraine.
ORLEN Group
is an integrated, diversified energy group, included in the prestigious Fortune
Global 500 and Platts TOP250 lists. It was the first group in the region to
announce its ambition to achieve climate neutrality targets in 2050. It has
recently joined the list of the 150 largest companies in the world thanks to
the completion of a number of recent mergers and acquisitions. ORLEN Group
today operates in 10 markets: Poland, Czech Republic, Germany, Lithuania,
Slovakia, Hungary, Austria, Canada, Norway and Pakistan.
ORLEN Lietuva inf.
