oil.

​The ORLEN GIFT FROM THE HEART Foundation has invited applications for the second edition of ‘My Place on Earth’, a programme designed with local communities in mind. Applications for grants supporting community initiatives may be submitted by NGOs and local government institutions from all over Poland by September 9th 2019. The amount allocated this year […]

In the second quarter of 2019, PKN ORLEN earned LIFO-based EBITDA of PLN 2.7bn, an increase of more than PLN 600m y/y. Earnings improved despite a more challenging macroeconomic environment, affected chiefly by the declining Brent/Urals differential (down by USD 1.7/bbl y/y). The Group’s LIFO-based EBITDA was driven mainly by robust performance in Downstream and […]

A row over the reasons for the Druzhba pipeline contamination crisis gave rise to an open conflict between Russia’s biggest crude producer and the country’s oil pipeline monopoly. But what was initially seen as nothing more than just leveling mutual accusations has gone beyond a typical business quarrel between two large firms. This might eventually […]

Lithuanian Minister of Energy Žygimantas Vaičiūnas talks about reception of the polluted oil crisis in his country and preparations for synchronization with the European electricity system by Poland through Harmony Link.

Russia played on time before holding talks on compensating all losses incurred by crude recipients for contaminated oil flows injected into the Druzhba pipeline system. This reaction probably stems from a Russian internal clash between the country’s largest oil producer Rosneft and oil pipeline monopoly Transneft. The latter has recently made a unilateral decision to […]

The United Kingdom proposes to create a coalition to protect oil tankers in the Strait of Hormuz. The Poles raised initial interest in the initiative. – Poland does not have the potential and technical capabilities to be a real force in such a coalition – says Bartosz Bojarczyk from the Department of International Relations at […]

Government Plenipotentiary for strategic energy infrastructure Piotr Naimski took part in a conference „Raw materials security of Poland: oil and gas” under the patronage of BiznesAlert.pl. He admitted that cleaning the transmission system in Poland from polluted Russian oil makes it disrupts the diversification of oil supply via the oil terminal.

What goes on in Poland on the 19th of July.

​PKN Orlen’s refinery in Płock is to receive further deliveries of Angolan crude oil at the beginning of August and September of this year. The Group considers Angola to be a promising source of imports, exploring possibilities to increase import volumes and to forge relationships with Angolan partners in other business areas. These were the […]

What goes on in Poland on the 10th of July.