Lotos signs deal for minimum five US oil deliveries

WSE-listed, state-owned refiner Lotos signed a deal for at least five deliveries of US oil in 2018, the company said in a market filing. “This is the first non-spot agreement for US oil deliveries in Poland's history,” Lotos CEO Marcin Jastrzębski said. “For over ten months, Lotos has been consistently implementing its strategic assumptions in the area of increasing Poland's security in the energy sector by opening up to completely new, safe delivery directions,” he added. The oil will be delivered to Lotos’ Gdańsk refinery. The company did not reveal the name of the company it has bought oil from.