Lithuania in Lithuanian-Russian Relations Since 20041
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ORLEN Fact Book Contents
ORLEN Fact Book Contents Who we are ..................................................................................................................................................................................................................................................................... 4 PKN ORLEN in the region. Main refinery assets in the region .......................................................................................................................................................................................... 5 Financial highlights 2001–2011; IFRS basis ..................................................................................................................................................................................................................... 6 Financial ratios ................................................................................................................................................................................................................................................................. 8 Financial highlights 2004–2011 in EUR and USD; IFRS basis .......................................................................................................................................................................................... 9 Segmental financial highlights 2008–2011 .................................................................................................................................................................................................................... -
Metinė Ataskaita 2007 AB Mažeikių Nafta Annual Report 2007
AB „MAŽEIKIŲ NAFTA” metinė ataskaita 2007 AB MAŽEIKIŲ NAFTA Annual Report 2007 1 AB „MAŽEIKIŲ NAFTA” metinė ataskaita 2007 AB MAŽEIKIŲ NAFTA Annual Report 2007 TuRINys CoNTENTs KAs MEs EsAME 5 Who WE ARE 5 ThE yEAR 2007 – ovERvIEW 11 2007-IEjI vIENu ŽvIlgsNIu 11 WITh NEW ENERgy To ThE FuTuRE 21 Į ateitį – su NAujA ENERgIjA 21 pRoduCTs oF BEsT quAlITy 27 KoKyBIška pRodukcijA 27 FoR dIFFERENT MARKETs ĮvAIRIoMs RINKoMs oNE TEAM – CoMMoN suCCEss 33 vIENA KoMANdA – vIENAs TIKslAs 33 NEW sTIMulus FoR ThE lIThuANIAN MARKET 39 NAujAs IMpulsAs lIETuvos rinkaI 39 us ANd soCIETy: 45 MEs IR vIsuoMENė: 45 REspoNsIBlE To ouR EMployEEs, atsAKINgI sAvo dARBuoTojAMs, ToWN ANd CouNTRy MIEsTuI IR šAlIAI ThE yEAR 2008: 53 2008-IEjI – 53 EFFICIENT, ACTIvE ANd pRofitablE EFEKTyvūs, ENERgINgI IR pElNINgI INdEpENdENT AudIToR’s REpoRT 59 NEpRIKlAusoMo AudIToRIAus IšvAdA 59 ANd pART oF FINANCIAl StateMENTs IR FINANsINės atskaitoMyBės dAlIs 3 KAs mes esame Who We Are 5 MEs EsAME svARBIAusIA BENzINo IR dyzElINo TIEKėjA BAlTIjos vAlsTyBėsE. WE ARE ThE MAIN supplIER oF gAsolINE ANd dIEsEl FuEl FoR ThE BAlTIC States. 7 Mes esame naftos perdirbimo įmonė, valdanti vienin - We are the crude oil refining company operating the telę Baltijos šalyse naftos produktų gamyklą, naftotie- only refinery in the Baltic states, crude oil and petro- kių ir produktotiekio tinklą bei jūrinį naftos terminalą. leum product pipelines and the sea terminal. since the Nuo 2006-ųjų pabaigos esame vienos didžiausių naf- end of the year 2006 we are a part of the group of pol- tos pra mo nės kompanijų vidurio ir Rytų Europoje – ish Company pKN oRlEN, one of the largest oil com- lenkijos naftos koncerno „pKN orlen“ – grupės dalis. -
The Mineral Industry of Lithuania in 2014
2014 Minerals Yearbook LITHUANIA U.S. Department of the Interior December 2017 U.S. Geological Survey THE MINERAL INDUSTRY OF LITHUANIA By Lin Shi In 2014, the nominal gross domestic product (GDP) of Mineral Trade Lithuania was valued at about $48.2 billion. The country’s real GDP increased by 2.9% in 2014 compared with that of 2013. In 2014, Lithuania’s total exports, including mineral fuels, The share of mining and quarrying in the GDP was about 21% were valued at about $32 billion, and total imports, including in 2014. The gross value added from mining and quarrying metals, crude oil, and natural gas, were valued at about production increased by 1.1% compared with that of 2013, $35 billion. The country’s major export destinations were whereas the gross value added from industrial production Russia, which accounted for about 20% of the total value of increased by 2.3%. The country’s inflation rate was about 0.3% exports; Latvia, about 10%; Estonia and Poland, about 8% each; compared with 1% (revised) in 2013, and the unemployment Germany, about 7%; and Belarus and the United Kingdom, rate was 11.1% compared with 11.8% (revised) in 2013. The about 5% each. The country’s imports came mainly from country’s mining sector employed about 4,000 people compared Russia, which accounted for about 29% of the total value of with about 3,700 (revised) people in 2013. Lithuania was a imports; Germany and Poland, about 10% each; Latvia, about member of the European Union (EU), the North Atlantic Treaty 6%; and the Netherlands, about 5%. -
Brazauskas in Power: an Assessment
Brazauskas in Power: An Assessment * JULIUS SMULKSTYS The victory of Lithuania's Democratic Labor Party (LDDP) in the parliamentary elections of October and November 1992 was lamented by many in the West as the return of the former Communists to power in a country that had played a major role in the dismantling of the Soviet Union. If just a few years ago Lithuania had been the trailblazer in the struggle for independence and democracy, now it seemed to be the leader in efforts to reverse the trends that began in 1988. But to those familiar with the recent history of Lithuania, the election results had no such ominous implications. They merely reflected the growing sophistication of the voters and their reliance on democratic institutions to settle political differences and to redirect as well as to reaffirm economic, social and political reforms. It was the case of a young democracy coming into its own. As in other former republics of the Soviet Union, democratization in Lithuania had to overcome numerous obsta- cles—the most visible ones being the absence of democratic political culture, relentless pressure from Moscow and the resultant siege-like atmosphere, and the rapidly deteriorating economic conditions. One of the important forces that helped to preserve fledgling democratic institutions was the Communist Party of Lithuania (Lietuvos Komunistų Partija—LKP) and its successor, Lithuania's Democratic Labor Party. Without their early commitment, the struggle for democracy and indepen- dence in Lithuania would have been much more difficult. The meaning of the 1992 elections, therefore, can only be fully evaluated and understood in the context of the party's role in promoting change, a role that originated six years ago. -
NONVIOLENT RESISTANCE in LITHUANIA a Story of Peaceful Liberation
NONVIOLENT RESISTANCE IN LITHUANIA A Story of Peaceful Liberation Grazina Miniotaite The Albert Einstein Institution www.aeinstein.org 2 CONTENTS Acknowledgments Introduction Chapter 1: Nonviolent Resistance Against Russification in the Nineteenth Century The Goals of Tsarism in Lithuania The Failure of Colonization The Struggle for the Freedom of Religion The Struggle for Lithuanian Press and Education Chapter 2: Resistance to Soviet Rule, 1940–1987 An Overview Postwar Resistance The Struggle for the Freedom of Faith The Struggle for Human and National Rights The Role of Lithuanian Exiles Chapter 3: The Rebirth From Perestroika to the Independence Movement Test of Fortitude The Triumph of Sajudis Chapter 4: Towards Independence The Struggle for Constitutional Change Civil Disobedience Step by Step The Rise of Reactionary Opposition Chapter 5: The Struggle for International Recognition The Declaration of Independence Independence Buttressed: the Battle of Laws First Signs of International Recognition The Economic Blockade The January Events Nonviolent Action in the January Events International Reaction 3 Chapter 6: Towards Civilian-Based Defense Resistance to the “Creeping Occupation” Elements of Civilian-Based Defense From Nonviolent Resistance to Organized Civilian-Based Defense The Development of Security and Defense Policy in Lithuania since 1992 Concluding Remarks Appendix I Appeal to Lithuanian Youth by the Supreme Council of the Republic of Lithuania Appendix II Republic in Danger! Appendix III Appeal by the Government of the Republic -
PKN ORLEN Consolidated Financial Results 4Q20
PKN ORLEN consolidated financial results 4Q20 4 February 2021 #ORLEN4Q20@PKN_ORLEN Agenda Key facts and figures Macro environment Financial and operating results Liquidity and investments Outlook 2 Key facts and figures 2020 . EBITDA LIFO: PLN 12,1 bn* . Macro worsening: downstream margin decreased by (-) 3,4 USD/bbl (y/y) i.e. (-) 32% . Crude oil throughput: 29,5 mt, i.e. 84% capacity utilization . Sales: 38,3 mt, i.e. decrease by (-) 12% (y/y) . Cash flow from operations: PLN 7,6 bn / CAPEX: PLN 9,0 bn . Net debt: PLN 13,1 bn / Net debt/EBITDA: 1,32x . Dividend: PLN 0,4 bn (1,00 PLN/share) paid for 2019 . Moody's upgraded rating outlook from negative to positive and maintaining rating at Baa2 . Securing financing of current operations and growth projects by signing a revolving credit facility agreement up to EUR 1,75 bn and issue 5-year corporate bonds associated with ESG rating of PLN 1,0 bn. M&A: LOTOS Group - obtaining a conditional approval of EC for takeover. Ongoing talks with potential partners and internal work on separating LOTOS Group assets as part of remedies / ENERGA Group - acquisition of 90.92% of shares / PGNiG Group - signing a letter of intent with the State Treasury. Ongoing due diligence process and works on concentration application to the EC / RUCH - acquisition of 65% of shares and gaining control . Investments: Building of Visbreaking unit in Płock / Building of a propylene glycol unit in ORLEN Południe / Project of Hydrocracking and HDS Units modernization in Płock / Signing an agreement for the purchase of a license and base project for modernization of H-Oil unit and for the expansion of phenol production capacity / Completion of Polyethylene unit in the Czech Rep. -
Russia's Influence and Presence in Lithuania
DEFENCE, FOREIGN POLICY AND SECURITY RUSSIA‘S INFLUENCE AND PRESENCE IN LITHUANIA LINAS KOJALA - WOJCIECH JAKÓBIK www.europeanreform.org @europeanreform A Brussels-based free market, euro-realist think-tank and publisher, established in 2010 under the patronage of Baroness Thatcher. We have satellite offices in London, Rome and Warsaw. New Direction - The Foundation for European Reform is registered in Belgium as a non-for-profit organisation (ASBL) and is partly funded by the European Parliament. REGISTERED OFFICE: Rue du Trône, 4, 1000 Bruxelles, Belgium. EXECUTIVE DIRECTOR: Naweed Khan. www.europeanreform.org @europeanreform The European Parliament and New Direction assume no responsibility for the opinions expressed in this publication. Sole liability rests with the author. Russia‘s influence and presence in Lithuania Linas Kojala - Wojciech Jakóbik AUTHORS TABLE OF CONTENTS EDITORIAL 7 INTRODUCTION 9 1 HISTORY OF LITHUANIAN-RUSSIAN RELATIONSHIP 11 1.1 INTERWAR PERIOD 12 1.2 SOVIET OCCUPATION 13 1.3 RESTORATION OF INDEPENDENCE 14 1.4 ETHNIC RUSSIANS IN LITHUANIA 14 2 FROM HISTORY TO TODAY: RUSSIA’S INFLUENCE 16 Linas Kojala 2.1 SOCIOCULTURAL FACTORS, PUBLIC PERCEPTION AND DISINFORMATION 16 2.2 ECONOMY 20 2.3 ENERGY 21 2.4 POLITICS 22 Wojciech Jakóbik 2.5 MILITARY 23 CONCLUSIONS 25 RECOMMENDATIONS 25 CASE STUDY JAK ROSJA WYKORZYSTUJE SWOJE WPŁYWY W SEKTORZE ENERGETYCZNYM 26 ANNEX 1 OBSZERNE STRESZCZENIE RAPORTU DEPARTAMENTU BEZPIECZEŃSTWA REPUBLIKI LITEWSKIEJ 30 ANNEX 2 RUSSIA AS A THREAT TO THE STATES BEING IN THE ZONE OF INFLUENCE 42 ANNEX 3 POPULATION AND LANGUAGES IN THE LITHUANIA, 43 INCLUDING RUSSIAN MINORITY AND RUSSIAN LANGUAGE ANNEX 4 PARLIAMENTARY ELECTIONS 44 4 New Direction - The Foundation for European Reform www.europeanreform.org @europeanreform 5 Russia‘s influence and presence in Lithuania Linas Kojala - Wojciech Jakóbik EDITORIAL its former ‘soviet republics’ and its attempts to undermine European unity through energy interests, political funding, and media (dis)information. -
Lithuanian Referendum on Extending Power of Ignalina Nuclear Power
BALTIC JOURNAL OF LAW & POLITICS VOLUME 5, NUMBER 1 (2012) ISSN 2029-0454 http://www.versita.com/bjlp Cit.: Baltic Journal of Law & Politics 5:1 (2012): 117-136 DOI: 10.2478/v10076-012-0006-y THE LITHUANIAN REFERENDUM ON EXTENDING THE WORKING OF THE IGNALINA NUCLEAR POWER STATION: THE RATIONALITY OF ACTORS WITHIN (UN-)CHANGING STRUCTURES Liudas Mažylis Professor; Dr. Faculty of Political Sciences and Diplomacy, Vytautas Magnus University (Lithuania) Contact information Address: Gedimino str. 44, LT-44240 Kaunas, Lithuania Phone: +370 37 206 704 E-mail address: [email protected] Aušrinė Jurgelionytė Doctoral Candidate Faculty of Political Sciences and Diplomacy, Vytautas Magnus University (Lithuania) Contact information Address: Gedimino str. 44, LT-44240 Kaunas, Lithuania Phone: +370 37 206 704 E-mail address: [email protected] Received: May 9, 2012; reviews: 2; accepted: August 13, 2012. ABSTRACT This article explores the structural factors and the arguments of the political actors in the Lithuanian referendum of 2008 on extending the working of the Ignalina Nuclear Power Station. By applying a new institutionalism theoretical perspective, this article studies campaign development, its structural framework and the actors‘ arguments. The presupposition has been confirmed that the value normative environment of the referendum BALTIC JOURNAL OF LAW & POLITICS ISSN 2029-0454 VOLUME 5, NUMBER 1 2012 was long-term and sustained, without any „paradigmatic shifts” during the referendum debates themselves. With that said, the equilibrium of competing normative attitudes was shifted towards agreeing with an extension of the work as a „minor evil”. Within this structural environment, a range of „second order” features was typical for the referendum campaign model, additionally reinforced by another parallel (chronologically coinciding) campaign, that of the elections to the Seimas. -
ORLEN Capital Group – Company Overview
ORLEN Capital Group – company overview November 2011 1 Agenda Company overview Key segments New businesses entry Summary 2 Leading refining & petchem company operating in the biggest market in CEE PKN ORLEN – POLISH KEY PLAYER IN CEE LEADING DOWNSTREAM COMPANY Strategically located on key pipeline network. Access to the crude oil terminals in Gdańsk (Poland) and Butinge (Lithuania). Operates 7 refineries in Poland, Lithuania and the Czech Republic, including the largest and highly advanced one. Capable to process any kind of crude oil in all refineries. Currently the most economic is REBCO processing. Petrochemical assets fully integrated with the refining part. Operates ca. 2 700 retail sites in Poland, the Czech Republic, Germany and Lithuania. SHAREHOLDERS STRUCTURE KEY FACTS State Treasury PRODUCTION: Refining ca. 31.0 mt/y 27,52% Petrochemical ca. 4.1 mt/y FINANCIALS IN YEAR 2010: 72,48% Revenues PLN 83.5 bn Free float EBITDA PLN 5.5 bn Net profit PLN 2.5 bn 3 The strategy for 2009-2013 assumes further core business development, divestment of non-core assets and entry into new segements MAIN OBJECTIVES OF PKN ORLEN GROUP PRIORITIES Debt Release of capital employed through reduction working capital optimisation, assets 2009 – 2010 disinvestment in chemical segment, solving the issue of obligatory reserves Preparation for further growth : actions to improve financial performance, increase Efficiency Efficiency improvement as well as efficiency, reduce debt 2011 – 2013 improvement development and extension of the and finalize -
Energy Policy Dynamics in the European Parliament and in the Lithuanian Seimas
Graduate Theses, Dissertations, and Problem Reports 2021 Energy Policy Dynamics in the European Parliament and in the Lithuanian Seimas Vaida Lilionyte Manthos West Virginia University, [email protected] Follow this and additional works at: https://researchrepository.wvu.edu/etd Part of the Other Political Science Commons Recommended Citation Manthos, Vaida Lilionyte, "Energy Policy Dynamics in the European Parliament and in the Lithuanian Seimas" (2021). Graduate Theses, Dissertations, and Problem Reports. 8290. https://researchrepository.wvu.edu/etd/8290 This Dissertation is protected by copyright and/or related rights. It has been brought to you by the The Research Repository @ WVU with permission from the rights-holder(s). You are free to use this Dissertation in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you must obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/ or on the work itself. This Dissertation has been accepted for inclusion in WVU Graduate Theses, Dissertations, and Problem Reports collection by an authorized administrator of The Research Repository @ WVU. For more information, please contact [email protected]. Energy Policy Dynamics in the European Parliament and in the Lithuanian Seimas Vaida Lilionyte Manthos Dissertation submitted to the Eberly College of Arts and Science at West Virginia University in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Political Science John Kilwein, Ph.D., Chair Shauna Fisher, Ph.D. Erik S. Herron, Ph.D. Daniel Renfrew, Ph.D. -
Contents Mažeikių Nafta AB Annual Report
1999 Maþeikiø Nafta AB annual report contents 1 contents 2 board 3 general directors review 4crude oil supply 5 feedstock processing 6 changes in production 7 transportation 7 activities of the Birþai Division 8 activities of the Bûtingë Division 9 marketing 12 process improvements 14personnel 14employee education 15 employee qualifications 16 health and safety at work 17 environmental safety 18 trading in the companys shares 21 Consolidated Statements of Operations, 1999 & 1998 (LTL 000) 22 Consolidated Balance Sheets, 1999 & 1998 (LTL 000) 24Consolidated Statements of Shareholder Equity, 1999 & 1998 (LTL 000) 26 Consolidated Statements of Cash Flows, 1999 & 1998 (LTL 000) 28 Head Office and Representative Offices 1 board J. Scheel Managing Director, Williams International V. Valys Senior Economist, Economy Sectors Division, Company, Chairman of the Board Ministry of Finance G. Vaièiunas Advisor to the State and Municipal Economy Department of the Office of the Government V. Petroðienë Finance Director, Maþeikiø Nafta AB of the Republic of Lithuania K. Balkevièius Head of Fuel Strategy Division, Ministry of Economy R. Majors General Director, UAB Williams Lietuva 2 general directors review 1999 was a year of significant events for our Company. The privatization process, The newly privatized Company was also successful in restoring investor confidence. Be- which had been developing for nearly two years, was successfully completed. On 29 cause of the lack of working capital and continuity of crude supplies the Companys share October 1999 an agreement was signed between the Government of Lithuania, Maþeikiø price on the Lithuanian National Stock Exchange (NVPB) at the beginning of 1999 struggled Nafta AB and Williams International Company, resulting in Williams International be- to reach 0.42 LTL. -
ORLEN Group Presentation ORLEN
PKN ORLEN ORLEN Group presentation ORLEN. Fuelling the future. Responsibly. August 2021 ORLEN Group – the largest multiutility concern in CEE (1/2) Refining . Refineries located in Poland, Lithuania and the Czech Rep. with total max. crude oil throughput of 35,2 mt/y. Strategic location with an access to crude oil, product pipelines and sea terminals. REBCO crude oil processing allows to benefit from Brent/Ural differential. Diversification of crude oil supplies. Petchem . Petrochemical assets fully integrated with refining. New production installations. Energy . Installed capacity: 6,1 GWt (heat) / 3,4 GWe (electricity). 70% of electricity production comes from zero and low-emission sources (RES and modern CCGT blocks located in Włocławek and Płock). Offshore wind farm project on the Baltic Sea with a maximum power of 1,2 GWe. Retail . 2854 fuel stations – the largest retail network in CEE. 2239 Stop Cafe / Star Connect coffee corners. 278 alternative fuel points. ORLEN – the most recognizable and valuable Polish brand worth PLN 10 bn. ORLEN brand present on foreign fuel stations within the Group (cobranding). Upstream . 174 m boe 2P crude oil and gas reserves in Canada and Poland. Average production 17,0 th. boe/d. 2 ORLEN Group – the largest multiutility concern in CEE (2/2) SHAREHOLDERS STRUCTURE KEY DATA 2020 State Treasury 12,4* 3,4 3,2 27,52% PLN bn PLN bn PLN bn Others 43,15% EBITDA LIFO Rekordowy wynik Record-high Detalu Record-high energy result retail result 29,33% Polish Pension Funds 38,3 29,5 mt mt Sales Crude oil volumes throughput PKN ORLEN listed on Warsaw Stock Exchange since 1999.