Lotos to process oil from PGNiG

Poland’s second-biggest refiner Grupa Lotos will start processing crude oil provided by natural gas group PGNiG starting from January 2015, Lotos said in a press release on Monday. The oil will come mostly from PGNiG’s Lubiatów extraction site, which was launched earlier this year. Grupa Lotos is working on the construction of a new railway terminal to receive the fuel. The companies have agreed on the processing of 25,000 metric tons of crude oil each month between 2015-2019. The estimated value of the contract is PLN 3.2 billion.