Despite the highly competitive environment on the global fuel market, the sales of refining products to all markets in Q3 were on average 6 percent higher vs Q2. Volume of sales in Lithuania during July-August was by 10 percent higher than in April-June of this year. Inland export sales volumes have also increased with 53 percent growth of petroleum product sales to Poland, 24 percent to Latvia, 14 percent to CIS countries, and 39 percent to other inland markets. Financial results were mitigated by the flexibility of the Company in adjusting production volumes and increasing its inland sales. In comparison to the 2nd quarter of 2020 when capacity utilization of the refinery in Mažeikiai was around73 percent, the 3rd quarter posted increase in the capacity utilization up to 81 percent.

- In the third quarter of this year, ORLEN Lietuva was still facing macroeconomic pressure. Revenues decreased by 43 percent 3Q 2020 vs 3Q 2019. However we achieved increase in sales of petrochemical products by 110% (y/y). In this competitive environment, for domestic and global market, our goal is to utilize every possible business opportunity there is - said Michal Rudnicki, General Director of ORLEN Lietuva.

Since 2006, PKN ORLEN has spent nearly USD 4 billion US dollars on the acquisition and further investments in the refinery of Mažeikiai. ORLEN Lietuva has recently become a member of an integrated petrochemical chain of PKN ORLEN.