Poland's Grupa Lotos plans refinery shutdown in March 2009

WARSAW (Thomson Financial) - Poland's second biggest oil refiner Grupa Lotos plans a refinery shutdown in March 2009 to add new units, the company said today.

'We plan to shut down the refinery in March 2009 to plug in the first new installations,' Zbigniew Paszkowicz, director in charge of the company's modernization programme, told a news conference.

'That is in line with our plan and we will bring onstream the key moneymaker of the plan - the hydrocracking unit - in late 2010.'

Source: By Piotr Skolimowski, forbes.com