Grupa Lotos S.A.

 is a vertically integrated oil company based in Gdańsk, Poland. The company is

listed in the Polish index WIG30. Its main activity branches are: crude oil production, refining and
marketing of oil products. The company is a leader in lubricants on the Polish market.[citation needed] Grupa
Lotos is a producer of unleaded gasoline, diesel, fuel oils, aviation fuels, motor and industrial
lubricants, bitumens and waxes.

Contents

 1Consolidation
o 1.1Subsidiaries
 2Profits
 3Capacity
 4Future
 5Development
 6References
 7External links

Consolidation[edit]
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[edit]
This list is incomplete; you can help by adding missing items with reliable sources.

 LOTOS Paliwa
 LOTOS Oil
 LOTOS Asfalt
 LOTOS Gaz w likwidacji
 LOTOS Petrobaltic
 LOTOS Exploration & Production Norge
 LOTOS Infrastruktura
 LOTOS Terminale
 LOTOS Kolej
 LOTOS Lab
 LOTOS Ochrona
 LOTOS Straż
 LOTOS Serwis
 LOTOS Geonafta
 LOTOS-Air BP Polska

Profits[edit]
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[edit]
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.[citation needed]

Future[edit]
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[citation needed] 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.[citation needed]
In 2020, state-run PKN Orlen 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.[1][2]

Development