oil.

Expansion of the oil terminal, future of the Odessa-Brody-Gdańsk oil pipeline and a reverse flow on the oil pipeline between Poland and Belarus – these are some of the topics we discussed with PERN S.A. CEO Igor Wasilewski. 

Today, PKN ORLEN paid out the highest-ever dividend of PLN 3 per share. It is the fifth consecutive year when the Company delivers on its strategic objectives by distributing dividend.

What goes on in Poland on the 8th of August.

Polskie Górnictwo Naftowe i Gazownictwo and LOTOS Petrobaltic started drilling an exploratory well on the Kamień Pomorski license. According to estimates in the area where the works are being prepared in the district of Golczewo (zachodniopomorskie voivodship) there may be even 7.5 m barrels of oil equivalent (boe). 

The expansion of the Litvinov-Záluží petrochemical complex in Litvinov in the Czech Republic is going according to plan. The factory is owned by Unipetrol, Orlen’s subsidiary.

The PKN Orlen’s production division began drilling of the Bajerze-2 well, another well in the Unisław-Gronowo concession area. Its total depth will be ca. 3600 meters and the drilling and tests will take about 70 days. The Bajerze-1K well drilled last year provided data, which confirmed the Edge project area was prospective and made it […]

A conference on Orlen’s performance in the second quarter of the year was held at the premises of the Warsaw Stock Exchange. The company recorded growth in all sales segments. The concern achieved a record-breaking LIFO-based EBITDA at PLN 3.1 billion, an increase by PLN 0.5 billion year on year.

Arabia and Russia promote contrary approaches to resolving the conflict in Syria as well as differ in their perceptions of Iran’s role in the Middle East. This splits in interest limit cooperation in the armaments sector. The new sphere of Russian-Saudi cooperation is energy, especially in the oil market. Russia seeks to use Saudi Arabia […]

What goes in Poland on 7th of June.

What goes in Poland on 26th of May.