- The project involves a EUR550 million investment.
- Construction began in October 2021.
- The new Residue Conversion Unit is part of the modernisation.
- The refinery is the only crude oil refinery in the Baltic States.
Project Overview
A ceremony in Lithuania marked the start of constructing a new Residue Conversion Unit at the Mažeikiai Refinery, the only crude oil refinery in the Baltic States. The project, awarded to Petrofac in October 2021, involves a EUR550 million investment aimed at modernising and expanding the existing refinery complex, along with environmental upgrades.
Economic and Strategic Importance
The project is significant for the economy and energy security of the region, representing the largest Polish capital investment in Lithuania. The refinery ensures a stable supply of petroleum products to the entire Baltic region, making it a critical industry for energy security.
Statements from Key Figures
Dainius Kreivys, Minister of Energy of Lithuania, highlighted the strategic partnership with Poland and the importance of ORLEN Lietuva's business in ensuring energy security and competitiveness for Lithuania. Elie Lahoud, COO for Petrofac’s Engineering & Construction division, emphasized the focus on safe and timely delivery during the construction phase. Michal Rudnicki, General Director of PC ORLEN Lietuva, discussed the refinery's ambition to lead a fair and sustainable energy transition in Central Europe.
