The focus of the LITASCO Group lies in the efficient operation and optimization of its EU refineries and downstream assets, along with engaging in third-party trading and paper trading, all conducted in strict adherence to relevant EU/UK/US/CH regulations.
LITASCO oversees the comprehensive management of crude oil and feedstock supply, as well as the off-taking and sale of petroleum products, including petrochemicals, from the following refineries: Burgas (Bulgaria) and Petrotel (Romania). Additionally, LITASCO is responsible for optimizing 45% of Zeeland Refinery's operations in the Netherlands.
The company provides essential economic support to the refineries, offering assistance in planning, shipping, and risk management. It collaborates closely with stakeholders to make sound, cost-effective decisions regarding asset flows for both individual assets and the broader group.
LITASCO SA effectively manages inventory exposures and coordinates refinery sales between affiliates and export markets.
Furthermore, LITASCO SA engages in processing through a joint venture with TOTSA Energies at the Zeeland Refinery in the Netherlands.
LITASCO SA engages in international trading and marketing operations of crude oil and refined products worldwide. These operations involve purchases and sales from/to third parties and are conducted from Geneva and our network of trading offices across Europe and America. We ensure full compliance with all existing and applicable regulatory requirements in every aspect of our activities. LITASCO leverages its trading and marketing expertise to create incremental value from third-party barrels, thereby maximizing opportunities and optimizing outcomes.
Storage plays a pivotal role in LITASCO's strategic approach.
It affords the company the flexibility needed to manage its extensive system flow and third-party volumes effectively.
Through bulk breaking, blending activities, and bulk making, and storing LITASCO ensures it can deliver the appropriate products to its customers and trading partners promptly, with a particular focus on the ARA, Atlantic Basin, and related markets.
In an environment characterized by constant change and dynamism, LITASCO is dedicated to continuously optimizing its oil storage positions, thus remaining agile and responsive to complex market dynamics.
Our storage portfolio encompasses positions in key regions such as the ARA and Mediterranean regions.