Statoil and Polenergia wish to work together on offshore wind farms

Polenergia, the largest Polish private and vertically integrated energy group, signed a preliminary agreement to dispose of 50 percent of shares of its subsidiaries Polenergia Bałtyk II and Polenergia Bałtyk III implementing the construction of offshore wind farms with the capacity of 1,200 MW. The agreement was concluded with Statoil Group.

Will the merger of PKN Orlen and Lotos accelerate diversification?

According to BiznesAlert.pl, even the Germans bring oil from outside of Russia via the Gdańsk oil terminal today. Although the Russian blend of REBCO will still be needed by refiners for technological reasons, diversification is progressing. Grupa Lotos reports that 40 percent of deliveries in the first quarter of 2018 came from outside of Russia. […]

Expert: The State Treasury will earn on the Orlen-Lotos merger

On Tuesday, a letter of intent was signed between energy minister Krzysztof Tchórzewski and the president of PKN Orlen Daniel Obajtek regarding the start of the process of taking over capital control by Orlen over the Lotos Group. As a result of the operation, the Płock concern is to take over 53 percent of shares […]

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