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AB Ma eiki Nafta This is Ma eiki Nafta History 1964 the

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AB Ma eiki Nafta This is Ma eiki Nafta History 1964 the State Oil and Chemical Industry Committee of the USSR started to consider the idea of an oil ... – PowerPoint PPT presentation

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Title: AB Ma eiki Nafta This is Ma eiki Nafta History 1964 the


1
AB Mažeikiu Nafta
2
This is Mažeikiu Nafta
Refinery Pipelines Terminal Power House
Wholesale
Trading Houses in Lithuania, Latvia, Estonia
and Poland, and a Representative Office in Ukraine
Retail (stations in Lithuania)
3
History
  • 1964 the State Oil and Chemical Industry
    Committee of the USSR started to consider the
    idea of an oil refinery in Lithuania
  • 1970 commissioning of the Polotsk Ventspils
    products pipeline crossing Lithuania
  • 1979 completion of the Polotsk Birzai
    Mazeikiai crude oil pipeline
  • 1980 commissioning of LK-6U Unit (atmospheric
    rectification, catalytic reforming, distillates
    hydrotreating, and a gas plant)
  • July 21, 1999 start of loading operations in
    the Butinge Terminal

4
Privatization history
  • October 29, 1999 the Lithuanian Government,
    Mazeikiu Nafta, and Williams International signed
    an agreement, under which Williams International
    became a 33-percent owner and operator of
    Mazeikiu Nafta
  • July 18, 2002 the Lithuanian Government,
    Williams International, and YUKOS signed
    investment agreements, under which YUKOS acquired
    a 26.85-percent stake in Mazeikiu Nafta.
  • September 19, 2002 YUKOS acquired from Williams
    International an additional 26.85 percent stake
    assuming all rights and obligations of Williams
    International including operator rights in
    Mazeikiu Nafta
  • December 14-15, 2006 Successful finalization of
    transaction. PKN ORLEN acquired 84.36 per cent of
    Mazeikiu Nafta shares for 2.342bn

5
AB Mažeikiu Nafta in ORLEN Group
WAW-161714038-20070308-15423
  • Acquisition of AB Mažeikiu Nafta was the largest
    Polish foreign investment
  • Refinery with a maximum processing capacity of 10
    m tons per year to date
  • Owner and operator of the Lithuanian crude and
    fuel pipeline system, and the Lithuanian marine
    export/import terminal on the Baltic Sea
  • Acquired 90 of MN for approx. USD 2.5bn
  • Planned investment expenditures USD 1.6 bn by
    2012
  • Planned EBITDA increase by 2012 USD 650 m
    (compared to 2007) due to efficiency
    improvements, restoration of processing capacity
    and implementation of a new investment program

AB Mažeikiu Nafta shareholding structure
6
Mažeikiu Nafta in ORLEN GROUP
PKN ORLEN in Central Europe
PKN ORLEN in Lithuania
MAŽEIKIU NAFTA 1 refinery - capacity 10 M
tons Marine Terminal Retail network 34 stations
  • POLAND
  • 3 refineries capacity 13.6 M tons
  • Retail network 1,922 stations
  • CZECH REPUBLIC
  • 3 refineries capacity 4.3 M tons
  • Retail network 327 stations
  • GERMANY
  • Retail network 494 stations

7
Mažeikiu Nafta in 2007 key numbers
  • 5.816 million tons of feedstock processed to
    produce
  • 1.7million tons of gasolines
  • 1.9 million tons of diesel fuel
  • 150.8 thousand tons of Jet fuel
  • 285.2 thousand tons of LPG
  • 1.2 million tons of fuel oil
  • 94.6 thousand tons of bitumen
  • Approx. 3,500 employees in Mažeikiu Nafta Group

8
Financial Indicators
9
Recent important undertaking of Mazeikiu Nafta
  • Mazeikiu Nafta completed the largest turnaround
    in its history in autumn 2007
  • Completed scope of work was three times bigger
    than the scope of the turnaround performed in
    2003
  • More than 4,000 specialists of 80 contractor
    organizations from 15 countries arrived at the
    Refinery to perform
  • Maintenance and repairs of more than 600 major
    pieces of equipment 175 heat exchangers, 64
    towers, 16 reactors
  • Replacement of 460 pipelines.
  • Mažeikiu Nafta completed rebuild of the Vacuum
    Distillation Unit in December 2007 and
    recommissioned the unit on January 20, 2008

10
(No Transcript)
11
Modernization Program
  • Change for Future

12
Main goals of the Refinery Modernization
  • To increase the Refinerys annual capacity to 11
    MM tons of crude oil
  • To build the new process units and modernize and
    expand certain parts of the Refinery to achieve
    compliance of the products with the EU quality
    specifications and environmental requirements
  • To increase crude conversion ratio from 75 to
    88.
  • Total estimated cost of the Program is 1.6 bn.

13
Modernization Program Includes
  • Building new units and upgrading existing
    facilities
  • Hydrocracker
  • Visbreaking Vacuum Flasher
  • Flue gas treatment and Power House Upgrade
  • Propylene splitter
  • Sulphur degassing and granulation
  • New hydrogen unit
  • Off-site facilities

14
Having implemented the Modernization Program, AB
Mazeikiu Nafta will become a stable part of ORLEN
Group, able to compete with the modern refineries
in the Region!
15
  • www.nafta.lt
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