The World Refining Association: Key Discussions on the Importance of Cost Savings for European Refiners

  The World Refining Association: Key Discussions on the Importance of Cost
  Savings for European Refiners

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

Business Wire

LONDON -- August 12, 2013

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 16^th annual meeting place for the CEE downstream
industry. Click here to download the full interviews.

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!”

Download the full interviews  to hear exciting project news from both

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 forrefining industry experts to discuss
their views and opinions on offers to the present and future problemsof our
branch.” Wojciech Blew, Grupa Lotos


For The World Refining Association:
Melanie Botting
Senior Marketing Manager
+44 (0)207 384 8015
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