ORLEN Lietuva advances the planned maintenance and repairs
Management Board of ORLEN Lietuva made a decision to commence today a series of repairs and maintenance of the installation, planned for the upcoming dozen months. The decision was made due to the current, very low level of refinery margins, and consequently – the economic grounds for reducing the production of ORLEN Lietuva in Mazeikiu.
The repair process will take about 6-7 days, during which the refinery throughput will amount to approx. 70% of the normal production. It will enable a fully effective and continuous work of the refinery in the period when the situation on the market improves, and to avoid maintenance shutdowns planned for the upcoming dozen months. Simultaneously, the previously accumulated reserves of refinery products allow to deliver a full supply to all contracting parties and it will not affect the market situation. The reduction of production related to the repairs will be neutral to the economic result of the Company, as it only constitutes an advance in time of repairs planned for the future.
