PKN Orlen cashes in on Lukoil deal

Poland’s largest fuel holding, PKN Orlen signed a contract with fuel retail Lukoil Polska worth PLN 1.55 billion, the company said in a statement on Friday.

PKN Orlen will sell gasoline and diesel oil to Lukoil Polska. The contract is valid between January 1 and December 31, 2014.

The total value of contracts signed by the two companies over the past two weeks amounts to PLN 2.37 billion, the statement also said.

Grupa PLN Orlen manages seven refineries in Poland, the Czech Republic and Lithuania. In 2012, it processed 27.9 million metric tons, with consolidated revenue reaching PLN 120.1 billion.

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