Platts 6th Annual Oil Storage Conference Amsterdam, 21-22 January 2013
Paweł Mosak Member of the Board, Operator Logistyczny Paliw Płynnych sp. z o.o. Member of the Board, Polish Organisation of Oil Industry and Trade www.olpp.pl www.popihn.pl
CRUDE OIL CAPACITY IN POLAND Crude oil CAPACITY ['000 CBM] in Tanks PERN
3 000
PKN Orlen
300
LOTOS Group
400
Total
in Caverns
3 700
Total 3 000
4 000
4 300 400
4 000
7 700
Crude oil capacity structure per owners
5% 39% 56%
PERN
PKN Orlen
LOTOS Group 2
FUEL STORAGE CAPACITY IN POLAND Product capacity structure [000' CBM] 1,000
Structure of shares in tanks ['000 CBM] OLPP
PKN Orlen
Tanquid
Others 6%
3,725
in Tanks
in Caverns
20%
4%
Grupa LOTOS
50%
20%
3
FUEL STORAGE CAPACITY IN POLAND Capacity for products ['000 CBM] OLPP PKN Orlen LOTOS Group Tanquid Others Total
in Tanks 1 800 750 750 135 240 3 675
in Caverns 1 000
1 000
Total 1 800 1 750 750 135 240 4 675
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PERN ”Przyjaźń” S.A. •
•
Leader of fuel logistics on its domestic market, and a strategic company (owner of OLPP and Naftoport) PERN "Przyjaźń" S.A. is in possesion of crude oil pipeline (Druzba, Pomerania), product pipeline and three storage depots (3.0 million m³ capacity of crude oil) Crude oil and fuel products transportation by pipeline [million t] 60 50 40 30 20 10 0
2005
2006
2007
2008
2009
2010
2011
Fuel products
5.1
5.0
5.0
5.4
5.6
5.7
5.6
Crude oil
49.2
50.6
47.9
43.6
44.6
50.5
46.9
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PERN GROUP – Naftoport Sp. z o.o. • • •
Owner of four jetties with the handling capacity of up to 34 million tons per year. PERN "Przyjaźń" S.A. owns 66.67% of shares in "Naftoport". Supports the delivery of crude oil to Polish and German refineries, and implements the direction of Russian exports. 14 12 10 8 6 4 2 0 2005
2006
2007
2008
2009
2010
2011
Reloading crude oil at Naftoport Sp. z o.o. [million t]
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PERN GROUP – OLPP – LEADER OF FUEL LOGISTICS • Independent storage company. • Leader of the fuel storage market (in tanks) in Poland with 50 % share. • Owner of the largest fuel depots network in Poland, with 18 operating terminals of ca. 1.8 million m3 total capacity. • Scope of services: Storage, Reloading, Blending, Ticket system regarding CSO, Quality control. • circa 100 customers • Main customers: PKN Orlen, the Material Reserves Agency, LOTOS Group, BP, Shell. • Thanks to OLPP activity, fuel supply is realised all over the country. • OLPP has 8 laboratories accredited for testing fuel products. • PERN "Przyjaźń" S.A. owns 100% shares in OLPP sp. z o.o.
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STORAGE INFRASTRUCTURE – OLPP Gdańsk 3 Naftoport900 000 m Dębogórze 181 000 m3 Ugoszcz 61 000 m3
Storage depots Rotation – storage depots
Trzebież 57 000 m3 Jastrowie Zamek Bierzgłowski 62 000 m3 60 000 m3 Nowa Wieś. Wielka 296 000 m3
Reloading – storage depots Reloading and rotating depots
Rejowiec 218 000 m3
Office
PERN crude oil pipeline PERN crude oil storage depots
Płock 1 300 000m3
Adamowo 770 000 m3
Warszawa
Koluszki 209 000 m3
Headquarters PERN product pipeline
Emilianów 117 000 m3
Kawice 98 000 m3
Grabowno Wielkie 30 000 m3 Barycz 52 000 m3 Boronów 61 000 m3
Małaszewicze 88 000 m3
Skarżysko Kościelne 59 000 m3
Strzemieszyce 32 000 m3 Wola Rzędzińska 104 000 m3
Zawadówka 32 000 m3
POTENTIAL FOR DEVELOPMENT OF THE FUEL MARKET – OPTIMUM FORECAST 29.0 28.0
million CBM
27.0 26.0
25,0
25.0
24,3
24.0
23,2
23,3
24,2
24,5
24,9
25,2 25,5
25,7
25,9
26,2
23,8 23,9
23.0 22.0
20,7
21.0 20.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 9
POTENTIAL FOR DEVELOPMENT OF THE FUEL MARKET – FORECAST (FUEL CONSUMPTION) 18.0 16.0 14.0 12.0
15.8
million CBM 12,6
13.2
14.1
14.7
14.6
14.8
Diesel Oil
10.3 Gasoline
10.0 8.0 6.0
15.9
15.4
6.0
6.2
5.9
6.2
5.6
4.4
4.4
4.2
4.0
4.0
2006
2007
2008
2009
2010
4.0
LPG
5.3
5.1
3.9
4.0
2011
2012
5.0 4.1
5.0
5.0 4.1
4.0
2.0 0.0 2013
2014
2015 10
GREY ZONE IN THE FUEL MARKET
•
Introduction of fuel from illegal sources onto the market,
•
Illegal gas stations,
•
Legal loopholes,
•
Grey zone: according to the estimates of the Polish Organisation of Oil Industry, the grey zone for crude oil is determined at the level of about 6 – 10% of the market.
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COMPULSORY STOCKS – CHANGES
•
Calculating the minimum required level of compulsory stocks: 90-day average daily consumption of crude oil and petroleum products will be changed to 90 days of average daily net transport of crude oil from abroad,
•
Lowering the obligation imposed on producers and traders concerning the held stocks of crude oil and fuels (excluding LPG), from 76 days to 69 days in the years 2013-2017, and from 2018 onwards to 53 days,
•
Increasing the obligation imposed on the Material Reserves Agency from 14 days
to 21 days in 2013-2017, and from 2018 onwards to 37 days.
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COMPULSORY STOCKS OBLIGATION – PRESENT SITUATION Compulsory stocks
LPG
compulsory stocks - fuel producers and traders
The Material Reserves Agency
30 days
14 days
90 days
Ratio of 50% of crude oil and 50% of liquid fuels
76 days
13
COMPULSORY STOCKS OBLIGATION – AFTER CHANGES Compulsory stocks
LPG
compulsory stocks - fuel producers and traders
The Material Reserves Agency
30 days
37 days
90 days
Ratio of 50% of crude oil and 50% of liquid fuels
53 days
14
IMPACT OF THE GREY ZONE AND CHANGES IN THE LAW ON THE STORAGE MARKET
•
Grey zone: according to the estimates of the Polish Organisation of Oil Industry, the grey zone for crude oil is determined at the level of about 6 – 10% of the market,
•
With the introduction of changes in compulsory stocks, the demand for storage capacity will decrease by about 4%,
•
Reducing the need for storage capacity by a minimum of 10%.
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RESPECT FOR THE NATURAL ENVIRONMENT Investments made by OLPP in relation to the environment: •
Building additional tank bottom layers,
•
Building the installation of measuring and monitoring fuel levels in storage tanks,
•
Leak detection system for underground water and groundwater,
•
Securing storage tank trays,
•
Sealing loading fronts,
•
Gasoline vapour extraction system,
•
Sewage treatment plants.
16
ENVIRONMENTAL PROTECTION AT OLPP OLPP investments [million €] 25 20 15 10 5 0 Total Investments Environmental Inwestments
12% 2009 21 2.5
25% 2010 18 4.5
35% 2011 20 7
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Thank you for your attention Paweł Mosak Member of the Board, Operator Logistyczny Paliw Płynnych sp. z o.o Member of the Board, Polish Organisation of Oil Industry and Trade
[email protected] www.olpp.pl
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