14 December 2010
Russian companies are eyeing up Polish refining assets
RUSSIAN companies are eyeing up the latest refining assets on the block in Poland. They may have an easy run at the properties, too
Although they face local opposition, with European refining margins in the doldrums, Russian firms may be the only interested buyers. Poland has set a preliminary deadline of 4 February for potential buyers to submit bids for a 53.2% stake in the country's second-largest refiner, Grupa Lotos. Reaching this point has proved a struggle for the government, which is selling off a swathe of state-owned assets, such as utility companies Tauron and PGE, to shore up the country's creaking finances and pump investment into the ageing energy assets. Lotos recently modernised its 120,000 barrels a day (b/d) refinery in Gdansk, raising throughput capacity to 210,000 b/d, and would like a strategic inve
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
