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Encyclopedia > Grupa LOTOS

Grupa LOTOS S.A. is a vertically integrated oil concern. Its main activity branches are: crude oil extraction and refining process as well as distribution of oil products. The company is a leader in lubricants trade. Grupa LOTOS provides market with such products as: unleaded gasoline, diesel, fuel oils, aviation fuels, motor and industrial lubricants, bitumens, and gases.

Contents

Consolidation

Grupa LOTOS is a holding composed of LOTOS Czechowice (former Czechowice Refinery) LOTOS Jaslo (former Jaslo Refinery), crude oil exploration – extraction company Petrobaltic as well as 17 subsidiaries bearing the LOTOS sign. 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. Złoty (literally meaning golden, plural: złote or złotych, depending on the number) is the Polish currency unit. ...


Capacity

Gdańsk refinery, 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 and Slovnaft 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. An Esso Station in Toronto Esso in Higashi-Osaka Esso is an international trade name used by ExxonMobil and its related companies. ...


Development

Grupa LOTOS strategy aims chiefly at: accomplishment of Gdańsk refinery investment programme (Comprehensive Technological Upgrade Programme - CTUP), development of crude oil extraction activity and further shares growth in retail and wholesale petrol market.


Websites

  • Grupa LOTOS - Official Website of Grupa LOTOS

 
 

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