LITASCO Group focuses on operations and optimization of its EU Refineries and downstream assets, third party non-Russian trading and paper trading, in compliance with applicable EU/UK/US/CH regulations.
LITASCO fully coordinates crude oil and feedstock supply, off taking and selling petroleum products including petrochemicals for the following refineries:
Bourgas (Bulgaria), Petrotel (Romania) and ISAB (Italy), until its sale in May 2023.
LITASCO is also responsible in 45% of Zeeland Refinery’s optimization of (Netherlands).
LITASCO provides economical support to the refineries carries out planning shipping and risk management and assists in taking the most economical decisions on the flows for the asset and so for the group.
LITASCO manages the inventory exposures and coordinates the refinery sales between affiliates and exports.
LITASCO SA is doing processing on joint venture LUKOIL has with TOTAL SA on Zeeland Refinery in the Netherlands.