New management and diversified oil supplies for Lotos

Jarosław Kryński, a former member Naftobaz's management will be now responsible for trade. His main task will be formulating the group's strategy to gain 10% of market share in domestic retail fuels by 2010. He claims that this will be possible by increasing the efficiency of posts. The second addition to Lotos' management was Marek Sokołowski, who has taken the position of vice-president responsible for production and the development. Paweł Olechowicz kept his post as company president. Lotos Group is now preparing for the exploitation of two new deposits that were discovered by Petrobaltic in the Baltic Sea, and at the same time is attempting to diversify its oil supply. This week the first oil tanker transporting oil from Kuwait set off, while in November Lotos will receive the second transport from Kuwait Petroleum Corporation. Next Year Lotos wants to sign a long-term contract with this company for oil supply. (Parkiet, September 30 - October 1, p.4) M.M.