J&S oil to become the No.2 oil company?

J&S Energy, which sold over 23 millions tones of oil and had revenues of roughly $5 billion in 2003, wants to significantly increase its sales on the Polish market. The company is negotiating with Belarusian refinery Mozyr the terms of importing 600,000 tones of low-sulfur diesel oil per year to Poland. Annual sales of PKN Orlen last year amounted to 3.8 million tones of such oil, while Grupa Lotos had only slightly higher sales than the amount planned by J&S. According to analysts, the firm is hoping that the market will develop and grow, but caution that J&S might have problems with selling such an amount of oil. "There are many indications that J&S might have already secured demand for their fuels," one informer told daily Parkiet. The successful implementation of the project would allow J&S to boost its sales to zł.4 billion annually from its present zł. 2.5 billion. (Parkiet, p. 1) M.M.