oil.

What goes on in Poland on the 30th of April.

President Donald Trump did not listen to me and he is not going to lift the sanctions imposed against Iran, on the contrary he wants to tighten them. This is a bad news for potential customers who would like to buy Iranian oil in Poland. However, it can end up with oil prices decline – […]

There are two reasons why Venezuela’s controversial leader is not yet fighting a losing battle against the country’s opposition. First, Venezuela’s military has pledged its loyalty to the leader since the beginning of the crisis while other military branches declared to stand by the president. Secondly, the government in Caracas is in the hopes for […]

The financial performance of the LOTOS Group in 2018 confirms its robust condition. The Group delivered a consolidated net profit of PLN 1.6bn and adjusted LIFO-based EBITDA of PLN 3.1bn, the highest figure on record. Revenue came in at PLN 30.1bn, up 24.5% on 2017, and CAPEX spending was PLN 1bn. The refinery processed the […]

In 2018, the PGNiG Group’s net profit amounted to PLN 3.2bn and rose by 10 percent. EBITDA amounted to PLN 7.1bn and rose by 8 percent y/y. EBIT was up 12 percent, to nearly PLN 4.4bn. The Group’s revenue grew to PLN 41.23bn,up by 16 percent y/y.

Polskie Górnictwo Naftowe i Gazownictwo has developed the Integrated Field Management System which will optimise the Company’s production activities. In addition to improving operational and financial performance at home, the new tool will support PGNiG’s expansion into foreign markets.

The Polish-German Economic Forum in Berlin began. This is an opportunity to talk about energy, but also about the great merger of PKN Orlen with Grupa Lotos – Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl writes.

What goes on in Poland on the 1st of March.

What goes on in Poland on the 27th of February.

Before the Middle East conference, US Secretary of State Mike Pompeo spoke in Warsaw about Nord Stream 2 and the presence of American forces in Poland – writes Teresa Wójcik, editor of BiznesAlert.pl.