On the 23rd of July 2014, PKN Orlen, a Polish concern running the oil refinery in Mazeikiai SC Orlen Lietuva, published the financial results of the concern and its Lithuanian subsidiary for the first half of 2014. The public media reports that PKN Orlen management in commenting the poor financial results of its subsidiary SC Orlen Lietuva indicates an unfavourable macroeconomic situation as the key reason and is considering a temporary shutdown of the refinery from 2015 as one of possible alternatives.
The management of SC Klaipedos nafta (hereinafter, the Company) highlights that oil products produced by SC Orlen Lietuva constitute approximately 35 per cent of total transhipment revenues of the Company (based on preliminary transhipment results for the first half of 2014).
It should be noted that the management of the Company analyses the current situation and searches for possible solutions and new possible alternatives of activity in order to minimize the financial risk and negative effects on the financial results of the Company, if the management of PKN Orlen concern decides to temporary shut down SC Orlen Lietuva from 2015.
Mantas Bartuška, Director of Finance and Administration Department, tel. 8 46 391763