Construction of a new facility begins at the only oil refinery in the Baltic States

Date

2022 08 12

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Minister of Energy Dainius Kreivys visited Orlen Lietuva, a petroleum refining company in Mažeikiai, where the construction of the deep crude conversion unit has started. 

The project will enable the production of more valuable light products at the expense of high sulphur fuel oil, improve competitiveness and reduce dependence on macroeconomic changes.

“Poland is a very important strategic partner of ours in the energy sector, and Orlen Lietuva’s activities in Lithuania are one of the examples of this partnership. The refinery ensures a stable supply of oil for the whole Baltic region and is one of the most important branches of our energy security. Present investment decisions are therefore also important for Lithuania, as they contribute to the competitiveness of the Lithuanian economy and energy security,” said Minister of Energy Dainius Kreivys at the groundbreaking ceremony. 

The construction of the new facility is not only an important project for the region’s economy and energy security. The investment in the construction of the new facility exceeds EUR 640 million. This is the largest ever investment by Polish capital in Lithuania. 

The Ministry of Energy has signed a letter of intent with AB Orlen Lietuva regarding the construction of a deep crude conversion unit, agreeing to cooperate in the implementation of this project.