LOTOS receives Saudi Arabian crude

abarrelfullabarrelfull wrote on 11 Jul 2012 06:03
Tags: europe lotos poland refinery

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On 22nd of June "Bareilly" tanker berthed at Naftoport's fuel base. It delivered 60 thousand tonnes of Saudi Extra Light crude oil to Grupa LOTOS S.A.'s refinery in Gdańsk.

The shipment is the result of talks between LOTOS and Saudi Aramco, a Saudi Arabian company, concerning possible cooperation in crude oil supplies to the Gdańsk refinery.

The delivered Saudi Extra Light is a test shipment. It will be processed at the Gdańsk refinery to assess the technological and economic viability of supplies of this type of crude oil.

- The visit of Donald Tusk, Polish Prime Minister, and Mikołaj Budzanowski, Polish Minister of the State Treasury, in Saudi Arabia in April had a major positive effect on talks between the representatives of the two companies - said Maciej Szozda, Vice-President and Chief Commercial Officer of Grupa LOTOS S.A. - During the visit, with the delegation including Paweł Olechnowicz, President of Grupa LOTOS S.A.’s Management Board, a meeting was held with the Saudi Arabian Minister of Petroleum and Mineral Resources, among others.

- The shipment provides a double benefit to LOTOS. Firstly, the Company is making an effective use of the Gdańsk refinery’s seaboard location, and secondly, it has an opportunity to test the technological capacity of facilities built as part of the 10+ Programme - pointed out Paweł Olechnowicz, President of Grupa LOTOS S.A. - In both cases our refinery is the only such facility in Poland with such potential, which gives us a major competitive edge.

If the assessment of Saudi Extra Light's usefulness is positive both in technological and economic terms, it is possible that LOTOS will establish long-term cooperation with Saudi Aramco.

The key feedstock of Grupa LOTOS S.A.’s refinery in Gdańsk is the Russian Ural crude oil and the Rozewie crude oil produced on the Baltic Sea (by LOTOS Petrobaltic). However, in its history the plant has processed various types of oil, including oil sourced from the North Sea (e.g. Brent Blend, Troll, Gullfaks, Forties or Aasgard), the Middle East (e.g. Kirkuk, Kuwait, Sahara and Zakum), as well as some exotic types of oil, such as Castilla crude from Columbia, which owing to its chemical properties is an excellent feedstock for the production of bitumens.

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