Energy, Good for Business, Lithuania, Oil, Transport

Lower sales volumes in Q3 by 10% (year-on-year) were mainly as a result of lower sales volumes in seaborne as well as in Latvia and Estonia.

"Orlen Lietuva financial results have improved in the past three months. We are noticing the positive effects of our efforts to raise economic efficiency of our operations and capacity to flexibly adjust to market conditions. Our aim is to use every business opportunity in this competitive surrounding. However we are also ready to reduce our production capacity or even temporary stop the production if the market becomes unfavourable," said Ireneusz Fafara, Orlen Lietuva general director.

The company is still under a pressure of high operational costs, including logistics, especially compared to its competitors from other countries.

Orlen Lietuva is the biggest Lithuanian company, exporter and tax payer.