One oil deposit the Polish company has a stake in could contain twice as much crude oil as previously anticipated
Eastern European countries are making a huge effort to help Ukraine and cut off Russian raw materials, while other world powers, such as China and India, are profiting from the situation, writes Agnieszka Łakoma
Daniel Obajtek, the CEO of Poland’s fuel giant PKN Orlen, has said that the company will sue the Russian operator who stopped oil supplies to Poland
The results are attributed to both the favorable market conditions for fuel companies in 2022 and the company’s expansion
The German government faces backlash from Russia over the potential sale of Rosneft shares to Polish Orlen
CEO of the Port of Gdańsk Łukasz Greinke revealed the port handled 68 million tons of goods in 2022, the highest ever
PKN Orlen stated that it will not renew any long-term contract for importing oil from Russia
Price caps on imported gas and oil were aimed at limiting Russia’s profits, but instead, Germany and the European Commission are trying to block the initiative, writes Polish MEP Zbigniew Kuźmiuk
Poland argues the proposed cap is too high and will not put pressure on Russia to end the war
Poland is also now the largest oil exporter to Ukraine
According to the German Ministry of Economy and Climate, supplies from the Gdańsk oil terminal and the Polish oil pipelines will help meet Berlin’s energy needs
Orlen’s CEO has been talking to Saudi Aramco about joint petrochemical initiatives and oil supplies for the region of Central Europe
Both the head of Poland’s fuel giant Orlen and the head of the gas conglomerate PGNiG were on board a plane that suffered a mysterious problem in Kazakhstan where the heads were in all probability attempting to secure Kazakh natural gas
In order to counter Russia by creating one of the biggest energy conglomerates in Europe, Poland is moving to merge its two key fuel companies, Orlen and Lotos, but Donald Tusk is campaigning to stop this vital merger, writes Michał Rachoń for portal Niezalezna.pl
An increase in deliveries of up to 6 million tons is on the table
“If we are to impose an embargo, it is crucial to guarantee that citizens and companies will have enough oil,” said Czech Prime Minister Petr Fiala
Intensive Polish-German consultations are underway regarding the possibility of delivering oil to Germany using Polish pipelines
While announcing Poland’s cuts, PM Morawiecki called upon the EU to introduce a tax on Russian-imported hydrocarbons
Czechia fulfills the energy reserve requirement and even has some extra supplies stored
How Russia consciously created the crisis in the petroleum market
PKN Orlen, a major Polish oil refiner and petrol retailer, is rebranding itself on the international market. The current brand name will appear alongside local brands in Germany, Slovakia and Czechia.
Polish PKN Orlen to extend its business to Slovakia by building gas stations through the Benzina brand. The main goal is to construct 10 new facilities by the end of 2019 and to become a key player in Slovakia’s retail market in the next 2 to 3 years.
