Poland
owns
a
53%
stake
in
Lotos,
the
country's
second-largest
refiner
after PKN
Orlen
with
an
8.2%
market
share.
The
Gdansk-based
company
was
slated
for
privatisation
last
year,
but
the
process
collapsed
after
no
bids
were
received.
"I
view
the
10+
(refining
capacity
expansion)
programme
as
a
success,
but
(also)
...
as
a
prelude
to
the
construction
of
a
strong
oil
corporation,"
Budzanowski
was
quoted
as
saying,
according
to
Reuters.
"Now
it's
time
for
further
challenges,
such
as
the
expansion
of
the
portfolio
of
upstream
assets
and
the
retail
segment,"
he
said.
The
group's
existing
upstream
operations
comprise
local
and
foreign
projects,
with…
