Grupa Lotos must find business solutions for refineries

Grupa Lotos (GL) has turned to PKN Orlen with proposals to cooperate in several business related fields. The initiative was a result of Nafta Polska's (NP) opinion, which said that before Grupa Lotos takes over the three southern refineries, it has to find them new business solutions. According to Maciej Gierej, NP President, there are several fields were cooperation would be beneficial. "On the basis of the potential of PKN Orlen and Grupa Lotos, we could build the second largest paraffin company in Europe," he said. Similar cooperation is also possible within the oil and lubricants sector. "In the era of globalization, it is not difficult to imagine a merger between Orlen Oil and Lotos Oil, to form one company which would sell the products under different brand names," added Gierej. GL representatives also announced that they would be happy to cooperate with PKN over the construction of the IGCC system. Gierej, however does not want to reveal whether this initiative is a return to plans rejected last summer, to consolidate the two companies. (Puls Biznesu, p. 5) A.K