Orlen denies selling Lithuanian refinery

Image : PKN Orlen

Poland’s largest oil group PKN Orlen is not selling its Lithuanian refinery, Orlen Lietuva, to KazMunaiGaz, the company’s executive director, Andrzej Kozłowski said on Twitter. “Rumors,” he wrote, referring to reports from news agencies on the issue.

Earlier on Tuesday, Polish media quoted Lithuanian daily Lietuvos Rytas, which wrote that Orlen is planning to sell the Mazeikiu refinery and that the Kazakh company is a likely buyer. The newspaper claimed that representatives of the Polish company met KazMunaiGaz managers and suggested such a deal.

PKN Orlen bought the Mazeikiu refinery in 2006. The Kazakh company was then one of the contenders in the privatization process. The refinery, now operating as Orlen Lietuva, is now working at 60 percent of its capacity, due to unfavorable economic conditions.

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