oil.

The Lithuanian Railways are announcing a tender for the reconstruction of the track section between the Mazeikiai and the Latvian Renge, a key route for Orlen Lietuva. The new opening will help the Polish company strengthen its position in the Baltic States. However, not all disputes with the Lithuanians have been completed yet – writes […]

Introduced at the beginning of the year, new sanctions constitute yet another package of economic restrictions against Russia. First economic limitations were imposed in 2014. Over the last four years, the Russians have somewhat learned to cope with such unfavorable conditions in the oil and gas industry. However, Moscow seems particularly prone to other activities […]

​On August 14th 2018, the CEOs of both companies Daniel Obajtek and Mantas Bartuska signed a Memorandum of Understanding to expand cooperation between the Polish oil refiner and LR. The event, which also marked the inauguration of work on restoring the railway connection between Mažeikiai and Renge, was attended by the Lithuanian Transport Minister Rokas […]

On August 9, the consolidated financial results of the Lotos Capital Group were presented in Warsaw. You can say that it is good and it will be even better. Plans are being implemented, the network is growing, the public is more willing to travel and shopping at stations. Old Optima stations will gain a new […]

What goes on in Poland on the 20th of August.

What goes on in Poland on the 17th of August.

What goes on in Poland on the 16th of August.

Grupa Lotos and Rosneft Oil Company signed a contract for deliveries from 6,4 to 12,6 million tons of oil to Poland last week. The agreement is valid until the end of 2020. According to Paweł Poprawa, an energy market expert from the AGH University of Science and Technology in Krakow, this decision will not change […]

„Rzeczpospolita” reports that Poland is buying more and more coal, gas and oil from Russia. It is worth looking at the reasons for this. This is not the triumph of Vladimir Putin, because some changes are unstoppable. However, some of them should happen faster – writes Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl.

It is expected that Western restrictions, imposed on Russia by the United States and the European Union after the annexation of Crimea, will become troublesome for the state’s economy only in a few years. The Russians are currently managing all resources they have at their disposals; in addition, they have been also maximally exploiting the […]