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Grupa Lotos S.A. was a
vertically integrated In microeconomics, management and international political economy, vertical integration is a term that describes the arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply ...
oil company based in
Gdańsk Gdańsk ( , also ; ; csb, Gduńsk;Stefan Ramułt, ''Słownik języka pomorskiego, czyli kaszubskiego'', Kraków 1893, Gdańsk 2003, ISBN 83-87408-64-6. , Johann Georg Theodor Grässe, ''Orbis latinus oder Verzeichniss der lateinischen Benen ...
,
Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous ...
. The company is listed in the Polish index
WIG30 The WIG30 is a capitalization-weighted stock market index of the thirty largest companies on the Warsaw Stock Exchange The Warsaw Stock Exchange (WSE), pl, Giełda Papierów Wartościowych w Warszawie, is a stock exchange in Warsaw, Poland. ...
. The
Polish state Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called Voivodeships of Poland, voivodeships, covering an area of . Poland has a population of over 38 million and is ...
is the majority shareholder with 53% percent. The company's main activity branches are: crude oil production, refining and marketing of oil products. The company is a leader in lubricants on the
Polish Polish may refer to: * Anything from or related to Poland, a country in Europe * Polish language * Poles, people from Poland or of Polish descent * Polish chicken *Polish brothers (Mark Polish and Michael Polish, born 1970), American twin screenwr ...
market. Grupa Lotos is a producer of unleaded gasoline, diesel, fuel oils, aviation fuels, motor and industrial lubricants, bitumens and waxes. In 2018 the Polish oil refiner and retailer
PKN Orlen Polski Koncern Naftowy Orlen Spółka Akcyjna (PKN Orlen S.A.), commonly known as Orlen, is a Polish oil refiner and petrol retailer. The corporation is a significant European publicly traded firm with major operations in Poland, Czech Republic, ...
announced its intent to acquire the company. The merger approval from the
European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
required significant asset divestments by both companies and is expected to reach closing in June or July 2022. On August 1, Orlen finalised the merger with Lotos.


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 Rafineria Czechowice), Lotos Jasło (former Rafineria Jasło), crude oil exploration and production company Petrobaltic. In the end of June 2006 Grupa Lotos employed 5547 people. This is 112 employees more than in the end of 2005.


Subsidiaries

* LOTOS Paliwa * LOTOS Oil * LOTOS Asfalt * LOTOS Gaz w likwidacji * LOTOS Petrobaltic * LOTOS Exploration & Production Norge * LOTOS Infrastruktura * LOTOS Terminale *
LOTOS Kolej Lotos Kolej sp. z o.o. is a Polish rail company operating as a part of Grupa Lotos JSC. Lotos Kolej is responsible for transporting Lotos Group products and delivering petrol for Rafineria Gdańska. The company precedesor, ''Zakład Transportu K ...
*
LOTOS Lab Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway company * LOTOS Goldbrillen GmbH, a German luxury eyewear company founded in 1872 * Lotos (satellite) Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway compa ...
*
LOTOS Ochrona Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway company * LOTOS Goldbrillen GmbH, a German luxury eyewear company founded in 1872 * Lotos (satellite) Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway compa ...
*
LOTOS Straż Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway company * LOTOS Goldbrillen GmbH, a German luxury eyewear company founded in 1872 * Lotos (satellite) Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway compa ...
*
LOTOS Serwis Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway company * LOTOS Goldbrillen GmbH, a German luxury eyewear company founded in 1872 * Lotos (satellite) Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway compa ...
*
LOTOS Geonafta Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway company * LOTOS Goldbrillen GmbH, a German luxury eyewear company founded in 1872 * Lotos (satellite) Lotos may refer to: * Grupa Lotos, oil company * Lotos Kolej, railway compa ...
* LOTOS-Air BP Polska


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 The Gdańsk refinery is an oil refinery located in Poland in the town Gdańsk. It is owned by Grupa Lotos. The refinery capacity is 210 kbpd of crude oil and it has a Nelson complexity index of approximately 10. See also * Oil refinery * Pe ...
, 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 () is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso" (the phonetic p ...
and
Slovnaft Slovnaft is an oil refining company in Slovakia. The company, located in Bratislava, is a subsidiary of MOL Group. History Slovnaft is the successor of the Apollo company. Apollo was established in 1895 in Bratislava. Its refinery was bom ...
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 Concrete is a composite material composed of fine and coarse aggregate bonded together with a fluid cement (cement paste) that hardens (cures) over time. Concrete is the second-most-used substance in the world after water, and is the most wi ...
acceleration in the process of creation a modern cross-country retail stations network. In 2020, state-run
PKN Orlen Polski Koncern Naftowy Orlen Spółka Akcyjna (PKN Orlen S.A.), commonly known as Orlen, is a Polish oil refiner and petrol retailer. The corporation is a significant European publicly traded firm with major operations in Poland, Czech Republic, ...
plans to take over smaller rival Lotos, if it receives approval from the European Commission. The minister also suggested Poland should have greater control over the economy.https://www.nasdaq.com/articles/pkn-ready-to-offer-concessions-after-eu-warning-on-lotos-bid-sources-2020-03-30


Development

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


References


External links


Grupa Lotos
- Official Website of Grupa Lotos {{authority control Automotive fuel retailers Companies based in Gdańsk Companies listed on the Warsaw Stock Exchange Energy companies established in 2003 Energy in Poland Government-owned companies of Poland Lechia Gdańsk sponsors Oil and gas companies of Poland Polish brands