ORLEN Lietuva

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ORLEN Lietuva AB

logo
legal form Akcinė bendrovė
Seat Juodeikiai , Mažeikiai District Parish , LithuaniaLithuaniaLithuania 
management Ireneusz Fąfara
Number of employees 1,340 (2016)
sales 4,140,000,000 US dollars (2015)
Branch Mineral oil company
Website www.orlenlietuva.lt

ORLEN Lietuva (formerly Mažeikių Nafta ) is a Lithuanian oil company near Mažeikiai in the north-west of the country. Around 1,300 people are employed. In 2015, it had sales of $ 4.14 billion.

history

ORLEN Lietuva owns the only refinery in the Baltic countries. This was built during the Soviet Union and started production in 1980. Among other things, it produces fuels under the Ventus brand, heating oil and bitumen . Its annual capacity is 12 million tons of crude oil processing.

In 2000 a program to adapt to EU fuel standards was started. In 2000 there were 3,434 employees. In 2005 Mažeikių Nafta processed 9 million tons of crude oil. 44 percent of production goes to Western Europe, 21 percent to the USA.

The Mažeikių nafta joint-stock company was formed on March 28, 1995 through the transformation of the previously state-owned Nafta. 90 percent of the shares issued were transferred to the state treasury and the rest to employees.

In 1998, as part of the state privatization program , Mažeikių nafta merged with the operator of the Butingė Būtingės nafta terminal and the operator of the Lithuanian oil pipelines Naftotiekis . In October 1999 Williams International took over 33 percent of the shares in Mažeikių nafta from the state.

sale

In July 2002, the government signed a contract with Williams International and Yukos , which gave Yukos 26.85 percent of the shares in Mažeikių Nafta. In September 2002, Jukos acquired a further 26.85 percent of the shares and the associated voting rights from Williams International through its subsidiary Yukos Finance BV.

On May 25, 2006, a court in New York lifted Yukos's blockade of disposal of Mažeikių Nafta's shares, clearing the way for a sale. The oil companies PKN Orlen (Poland), KazMunayGas (Kazakhstan), Lukoil and TNK-BP (both Russian) have applied for 53.7 percent of the shares that Yukos holds . On June 9, 2006, PKN Orlen agreed with the Lithuanian government to purchase its 30.66% stake in Mažeikių Nafta for $ 852 million. At the end of May 2006, PKN Orlen also signed a purchase agreement with Jukos.

On December 15, 2006, the governments of Poland and Lithuania finally sealed the sale. PKN Orlen will pay Yukos $ 1.49 billion for 53.7% of the Mažeikių shares. It is the largest investment in the refining sector in Central Eastern Europe in recent years. Two representatives of PKN Orlen have been appointed to Mažeikių Nafta's supervisory board: PKN-Orlen CEO Igor Chałupec and Piotr Kownacki. Chałupec was appointed chairman of the board of Mažeikių Nafta.

Since July 31, 2009, Krystian Pater has succeeded Marek Mroczkowski as Chairman / General Director of Mažeikių Nafta.

On September 1st, 2009 the company was renamed to ORLEN Lietuva .

Economic indicators

Since it was acquired in 2006, the refinery has invested $ 3.5 billion (as of December 2015). ORLEN Lietuva has considered selling the company several times in the past due to recorded losses . In November 2015, then Minister for Economic Development Mateusz Morawiecki decided against it during a visit to Vilnius .

Source:

photos

  • Lithuanian Orlen gas station

  • The refinery in Mažeikiai

  • Delivery of two new reactors (2008)

Web links

Commons : ORLEN Lietuva  - collection of images, videos and audio files

Individual evidence

  1. ↑ number of employees
  2. ↑ a b Możejki z najlepszymi wynikami od przejęcia przez Orlen. In: wnp.pl. February 2, 2016, accessed August 18, 2016 (Polish).
  3. ↑ [Didžiausi darbdaviai2000 06 30, VŽ, Didžiausi Lietuvoje, 14p. Didžiausi darbdaviai: Statistics] ( Verslo žinios , 2000 06 30, VŽ, Didžiausi Lietuvoje, 14p.)
  4. ↑ New CEO of Mažeikių Nafta, message on delfi.lt, July 31, 2009 (lit.)
  5. ↑ New CEO of Mažeikių Nafta, message on petroexpress.pl, July 31, 2009 (Polish)  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / www.petroexpress.pl  
  6. ↑ Rafineria w Możejkach. Wicepremier Morawiecki zapowiedział, że Polska jej never sprzeda. In: money.pl. December 14, 2015, accessed April 8, 2016 (Polish).
  7. ↑ Orlen spisuje Możejki na straty. Utracie nosa Rosjanom w 2006 roku kosztowało 8.5 mld zł. In: natemat.pl. Retrieved April 8, 2016 (Polish).
  8. ↑ Przygraniczne spzenie w Orlenie. Finansowe tarapaty na Litwie. In: wyborcza.biz. April 16, 2014, accessed August 18, 2016 (Polish).
  9. ↑ Raporty roczne. In: PKN Orlen. Retrieved January 26, 2017 (Polish).
  10. ↑ ORLEN W LICZBACH PDF. In: PKN Orlen. Retrieved August 7, 2017 (Polish).