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Importance of Cost Savings for European Refiners

09-17-2013 09:22 AM CET | Energy & Environment

Press release from: World Refining Association

Hear from Saras SpA and Grupa Lotos ahead of the CEE Refining and Petrochemicals conference in Warsaw this October

We interviewed Marco Schiavetti, Director of Supply and Trading for Sara SpA, and Wojciech Blew, Director of Technology Development for Grupa Lotos to gain insight into the current opportunities for European refiners to stimulate growth and ahead of the 16th annual meeting place for the CEE downstream industry.

Refiners in Europe need to implement cost saving initiatives now to be prepared for the future
“In Europe only the top quality assets will play a role in the future”, Marco Schiavetti, Saras Spa stated whilst commenting on the importance of cost savings for European refiners, “flexibility and ability to fully exploit market volatility are key to profitability.”

There is still an oversupply of gasoline in Europe
Grupa Lotos are utilising “diesel max” technologies to tackle the challenge of gasoline supply. Wojciech Blew, Grupa Lotos tells us, “diesel max direction lets us better balance the market – less gasoline and naphtha export and decrease costs of gasoline processing” giving us a viable solution. In terms of how refiners can benefit from conversion technologies he comments, “conversion technologies need to enable refiners to raise the value of heavy fractions to the value of motor fuels fraction.”

Both speakers were asked to comment on what excites them about the industry. Even in a challenging market, refiners in Italy and Poland are staying optimistic. Wojciech Blew, Grupa Lotos says “the refining industry is a key sector for the economy; this branch is responsible not only for the fuel supplies but also, indirectly, for the running of the whole economy.” Saras agree that “refining is a global industry, even for small, niche players!”

The Central and Eastern European Refining and Petrochemical conference takes place on 15 – 17 October in Warsaw, Poland. Both speakers explain why this is a key event to attend year on year:
Why is the CEE Refining and Petrochemicals Conference a great platform to discuss the future of the downstream industry?
“It’s the perfect environment to discuss and exchange ideas with the presence of all the key players and experts available to support networking. “ Marco Shiabetti, Saras SpA
“This conference is an opportunity for refining industry experts to discuss their views and opinions on offers to the present and future problems of our branch.” Wojciech Blew, Grupa Lotos

For more information on this press release of conference, please contact Melanie Botting, Senior Marketing Manager on +44 (0)207 384 8015 or email m.botting@theenergyexchange.co.uk

The Energy Exchange

Has worldwide recognition for the organisation of high quality, strategic and technical conferences within the upstream oil and gas sector. Our industry led events are renowned as market leaders in their fields.

For more information on this press release of conference, please contact Melanie Botting, Senior Marketing Manager on +44 (0)207 384 8015 or email m.botting@theenergyexchange.co.uk
The Energy Exchange
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69-79 Fulham High Street
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