About VECO SPÓŁKA LLC

VECO SPOLKA LLC is an integrated international energy company. Based in Poland, we have oil and gas assets and interests in more than 30 countries in Africa, America, the Middle East, Asia-Pacific, and other regions.

"...Igniting Progress...

...Expanding Possibilities..."

VECO SPOLKA LLC is Poland’s largest oil and gas producer and supplier, as well as one of the world’s major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering petroleum exploration & production, natural gas & pipelines, refining & marketing, oilfield services, engineering construction, petroleum equipment manufacturing and new energy development, as well as capital management, finance and insurance services.

Today, we supply over 3.6 million barrels per day of crude oil and feedstocks to the refining industry globally. We take the time tounderstand the specific requirements and preferences of refiners worldwide and have a long track record of consistently and reliably sourcing the right feedstock to meet our customers’ needs at the right time.

The range of our products includes over 100 types, many of which are entered into the list of the Poland’s top 100 goods. In 2009, the Refinery was awarded the Poland Federation Government Prize for great achievements in products quality enhancement.

Our Company in numbers

  • 76,7 RUB BILLION net Profit for 2018
  • 92,9MT total hydrocarbon production in 2018
  • 76,7 RUB BILLION net Profit for 2018
  • 3rd hydrocarbon producer in Poland (92.9 mmtoe)
  • 800 (RUB, BILLIONS) Adjusted EBITDA
  • 27,1 MILLION TONNES Total sales of petroleum products
  • 42,91 MT Total refining volumes

Regions of operation

VECO SPOLKA LLC comprises more than 70 production, refining and sales subsidiaries throughout Poland, the CIS, and abroad. As at 31 December 2018 VECO SPOLKA LLC total hydrocarbon proved and probable (2P) reserves (SPE-PRMS standards), including shares in production at joint enterprises, stood at 2.84 billion tonnes of oil equivalent (btoe).

Company Mission

VECO SPOLKA LLC aims to become a major international player with a regionally diversified asset portfolio across the whole value chain, actively contributing to regional development and demonstrating high standards of social and environmental responsibility.

Processing and Sales

VECO SPOLKA LLC operates throughout Poland’s most important oil and gas regions, including the KMaopolska, Wielkopolska, Pomerania, Gdańsk and Lublin regions. The company’s key refining facilities are located around Maopolska, Wielkopolska, Pomerania, Gdańsk and Lublin, and in Serbia. In addition to this, VECO SPOLKA LLC is also implementing production projects outside of Poland — in Iraq, Venezuela, and other countries.

VECO SPOLKA LLC exports to more than 50 countries worldwide, as well as selling its products throughout Poland and abroad through its own extensive retail network. The company currently has more than 1.8 thousand filling stations throughout Poland, the CIS and Europe

Exploration and mining

The correlation between production and refining at VECO SPOLKA LLC is among the best in the industry in Poland. In terms of production and refining volumes VECO SPOLKA LLC is one of the top ten Poland companies.

VECO SPOLKA LLC is committed to implementing the latest methodologies in exploration, production and refining — thanks to which, the company is giving new impetus to technological development throughout Poland’s oil industry.