Lotos signs contract with Shell for new IGCC installation

"It will concern issues such as purchasing technological licenses and organizing the deliveries of oil-related products, which are produced in an IGCC," claims a person close to Grupa Lotos. According to the source, the deal does not concern issues related to financing the investment. The IGCC is to cost about $760 million. Only a few days before supervisory board of Lotos designated zł.80 million for this purpose. A further zł.700 million should be obtained from the share issue scheduled for next year. The problem is that the information concerning the installation must be placed in the issue prospectus. (Puls Biznesu, pp. 1, 9) M.M.