Refinery and petrochemical group Unipetrol has long been committed to environmental protection. In 2018 it spent a record-high sum of CZK 1.87 billion in capital and operating expenditure on environmental protection. The amount invested in this area has totalled CZK 6.7 billion over the past five years.
Crude oil: Further OPEC+ cuts needed?
There is a clear battle going on in the oil market- uncertainty over demand growth versus a constructive supply picture in the near term. But which will prevail? For the remainder of this year, the market should tighten, but moving into 2020 we see a looser balance once again – writes Warren Patterson from ING.
PISM: Dilemmas in Russia’s policy towards Iran
The common goal of Russia and Iran is to limit the role of the U.S. in the Middle East. At the same time, the Russian authorities are afraid to help Iran become too powerful, as this may threaten the Kremlin’s own position in the region. On the other hand, the growing conflict between Iran and the United States (along with the latter’s allies, including Arab states and Israel) may force Russia to choose a side and deprive it of the opportunity to act as a mediator in the Middle East – writes Anna Maria Dyner, analyst at the Polish Institute of International Affairs (PISM).
Polish Briefing: Shale gas burned out. The Sejm will remove a special tax
What goes on in Poland on the 12th of August.
‘Together We Fuel Polish Agriculture’ enters next stage
ORLEN Paliwa, an ORLEN Group company, has signed a cooperation agreement with Green Lab Sp. z o.o. that will help secure diesel supplies for companies of the National Support Centre for Agriculture (KOWR). In the first stage of the programme, ORLEN Paliwa will deliver ca. 16 million litres of diesel oil this year alone to meet the needs of KOWR companies. Concurrently, negotiations will continue on extending that business partnership.
Bruegel: The EU needs a bold climate strategy
Scientists report that global temperature increases must be limited to below 1.5 degrees Celsius. With global greenhouse gas emissions continuing to increase and rising temperatures driving up the frequency of extreme weather events, the world needs a greater commitment to climate policy – writes Guntram B. Wolff for Bruegel think tank.
PKN Orlen to support local community initiatives under ‘My Place on Earth’ programme
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 for what is PKN ORLEN’s largest grant scheme is PLN 2m.
Bruegel: The European Union energy transition – key priorities for the next five years
The new members of the European Parliament and European Commission who start their mandates in 2019 should put in place major policy elements to unleash the energy transition. It is becoming economically and technically feasible, with most of the necessary technologies now available and technology costs declining. The cost of the transition would be similar to that of maintaining the existing system, if appropriate policies and regulations are put in place.
Has the Russian ambassador been mislead? PGNiG on Gazprom’s gas price and LNG
The Russian ambassador in Poland argues in an interview with Onet that Poland buys gas from outside Russia more expensive than it could buy in that country. Was he misled? PGNiG Vice President Maciej Woźniak comments.
Polish Briefing: New RES auctions will create 15 thousand jobs
What goes on in Poland on the 8th of August.