ORLEN Lietuva
ORLEN Lietuva (formerly Mažeikių Nafta ) is a Lithuanian oil company in Mažeikiai in the northwest of the country. About 3,000 people are employed. In 2012 it achieved sales of 6.265 billion euros.
History
ORLEN Lietuva owns the only refinery in the Baltic countries. This was built during the times of the Soviet Union in 1980 and took their production. It produces, among other fuels under the brand Ventus, fuel oil and bitumen. Its annual capacity is 12 million tons of crude oil processing.
In 2000, we launched a program to adapt to the EU fuel standards. In 2005 Mažeikių Nafta has processed 9 million tons of oil. 44 percent of its products to Western Europe, 21 percent in the United States.
The corporation Mažeikių Nafta was formed on 28 March 1995 by transformation of previously state- Nafta. 90 percent of the shares issued were the Treasury and the rest transferred to the employees.
As part of the state privatization program carried out in 1998 an association of Mažeikių Nafta with the operator of the terminal Būtingė Butingės Nafta and the operator of the Lithuanian oil pipelines Naftotiekis. In October 1999, Williams International has acquired 33 percent stake in Mažeikių Nafta by the state.
Sale
In July 2002, the government signed a contract with Williams International and Yukos, which Yukos was from 26.85 percent stake in Mažeikių Nafta in the possession. In September 2002, Yukos, through its subsidiary Yukos Finance BV acquired an additional 26.85 percent of the shares and the associated voting rights by Williams International.
On May 25, 2006, a court in New York has lifted the blockade on the disposal of shares Mažeikių Nafta for Yukos, paving the way for a sale free. 53.7 percent of the shares held by Yukos, the oil companies PKN Orlen (Poland), KazMunayGas (Kazakhstan ), Lukoil and TNK -BP have (both Russian) advertised. PKN Orlen has agreed on 9 June 2006 with the Lithuanian government to buy their 30.66 % stake Mažeikių Nafta for $ 852 million. End of May 2006 joined PKN Orlen also a purchase agreement with Yukos.
On 15 December 2006, the governments of Poland and Lithuania have the sale finally sealed. For 53.7 % of the shares Mažeikių PKN Orlen is payable to Yukos 1.49 billion U.S. dollars. It is the largest investment in the refinery sector in Central Eastern Europe in recent years. Two representatives of PKN Orlen were included in the Supervisory Board of Mažeikių Nafta: PKN Orlen - CEO Igor Chałupec and Piotr Kownacki. Chałupec was appointed Chief Executive Officer of Mažeikių Nafta.
Since 31 July 2009, Krystian Pater is the successor of Marek Mroczkowski CEO / General Manager of Mažeikių Nafta.
On 1 September 2009 the company was renamed to ORLEN Lietuva.