With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop.
Lithuania -based oil refining company Orlen Lietuva generated a net profit of €217 million ($227 million) last year.
The nationalistic Law and Justice party that recently came into power in Poland has been eyed warily by neighbors and other countries in the EU. Some...
Russian oil will be once again supplied to the Orlen Lietuva oil refinery in Mažeikiai as the new head of the company Wojciech Jasinski is increasing raw...
Orlen Lietuva benefits from restructuring and very favourable macroeconomic conditions. Production capacity utilisation reached 86 percent in the second...