ORLEN Lietuva

The company Mažeikių nafta was established in 1995 through the privatization of the state-owned enterprise Nafta. Trading activity is controlled through the enterprise Mažeikių nafta prekybos namai .

Until May 2006, 53.7% of Mažeikių Nafta shares belonged to Yukos International UK-BV, a Dutch subsidiary of YUKOS , but were sold for $ 1.492 billion to the Polish oil company PKN Orlen (completely closed in December 2006 ), another 40.66% of shares - the government of Lithuania . Yukos announced its intention to sell shares of a Lithuanian company in order to raise the funds necessary to pay its tax debts.

• President of the company - Marek Mrochkovsky
• The Chairman of the Board of Directors is Nerijus Eidukevicius (previously he served as Chairman of the Commission of the State Property Fund of Lithuania, Vice Minister of the Economy of Lithuania).

The Mažeikių nafta includes the Mazeik refinery with a capacity of 12 million tons of raw materials per year and the Butinge offshore oil terminal (on the Baltic coast north of Palanga ) with a throughput of 10 million tons per year. The company also includes a system of Lithuanian pipelines. The company manages 35 gas stations in Lithuania. Orlen Lietuva’s contribution to Lithuanian GDP reaches 2%, while in exports it is about 20%.

In 2011, the plant processed 9.01 million tons of oil.

The revenues of Orlen Lietuva in 2012 amounted to 8.051 billion dollars (20.98 billion litas), and in 2013, 8.055 billion dollars (20.213 billion litas). At the same time, Orlen Lietuva in 2012 received $ 80 million (208.48 million litas) of net profit, and in 2013 it incurred $ 94 million (235.921 million litas) of net losses.

As of the first quarter of 2014. Orlen Lietuva has a debt of 5 million litas to the Lithuanian railway . In January-March, 1.5 million tons of oil was exported through the Butinge terminal of the company, which is 37% less than in the same period of 2013.

In the first quarter of 2014, oil refining at refineries decreased to 60%, which was associated with a "decline in the competitiveness of products" ^[1] . However, at the end of 2014, the decrease in processing volumes was only 16.3% compared with 2013. The company's losses in 2014 amounted to $ 963.5 million, which was mainly due to the devaluation of the assets of the parent company ^[2] .

In 2015, refining volumes increased from 8 to 9 million tons, but due to the global fall in prices for oil and petroleum products, the company's revenue decreased from 6.2 billion dollars (4.7 billion euros) in 2014 to 4 , 1 billion dollars (3.7 billion euros) in 2015. The company's net profit for 2015 amounted to 235.9 million dollars (213.3 million euros) ^[3] .

In early October 2006, the company experienced a strong fire that destroyed one of the 50 m high distillation columns . The preliminary damage from the accident was about $ 54 million. In addition, after the fire, the company required less than half the raw materials, since the company worked only 50% of its capacity.

The head of PKN Orlen, Peter Kovnatsky, is building plans for building an oil pipeline worth $ 100 million, which will connect the Mazeikiu Nafta refinery with a terminal in Klaipeda . These intentions were confirmed by Mazeikiu Nafta CEO Marek Mrochkovsky and Lithuanian Minister of Economy (Economics) Vitas Navickas.

Speaking in February 2008 in Mazeikiai, where the restoration of the vacuum distillation unit, which suffered during the fire on October 12, 2006, was just completed, Peter Kovnatsky announced that PKN Orlen plans to develop its own network of automotive fuel retailers in Ukraine.

• Friendship (oil pipeline)
• KLO (gas station network)

• Official site of the company ORLEN Lietuva (lit.) (eng.)
• The history of the company "Mažeikių nafta" (English)
• “Another opinion about Mazeikiu nafta privatization”