Locked content PGNiG to increase Norwegian production to 10 bcm

WSE-listed, state-run gas giant PGNiG hopes to increase its production from Norwegian deposits to 10 billion cubic meters (bcm) per year, according to its CEO Piotr Woźniak. “We will eventually target to have production from deposits in Norway at the level of 10 bcm, which is the equivalent of the B...

Locked content Serinus applies for share suspension between May 8 and10

Serinus has applied to the Warsaw Stock Exchange (WSE) for share suspension from May 8 to May 10, due to the transfer of its headquarters to Jersey in the Channel Islands and change of the ISIN number, the company said. Suspension is related to  granting the company a new ISIN to the shares. It is&#...

Locked content PKN Orlen will import more oil from Saudi Arabia

PKN Orlen signed an annex to the agreement with Saudi Aramco for an increase of oil supply for at least 100,000 metric tonnes per month. As a result, more than 20 percent of raw material supplied to PKN Orlen refineries will come from Saudi Arabia. Under the new conditions, the contract with Saudi A...

Locked content Orlen receives Iranian oil shipment

WSE-listed fuel group Orlen received the spot delivery of Iranian crude oil on Friday, the company said in a market filing. “Delivery from Iran has become a fact. Oil from the Middle East gives us many opportunities. First of all, it enables diversification of delivery directions and increases the e...

Locked content Lotos signs deal for minimum five US oil deliveries

WSE-listed, state-owned refiner Lotos signed a deal for at least five deliveries of US oil in 2018, the company said in a market filing. “This is the first non-spot agreement for US oil deliveries in Poland’s history,” Lotos CEO Marcin Jastrzębski said. “For over ten months, Lotos has been con...

Locked content Lotos eyes US oil

WSE-listed, state-owned gas giant Lotos is considering buying oil in the US, although doesn’t expect first deliveries this year. “We are working intensively on opening up the US routes when it comes to oil,” company’s deputy CEO Jarosław Kawula said. He added that currently, based on information fro...

Locked content Lotos looking for long-term oil supply deal with Iran

State-controlled oil refiner Lotos is interested in securing a long-term supply deal with Iran once it expands its Gdańsk refinery next year, its chief executive said. Lotos signed an agreement in 2016 with National Iranian Oil Company for the delivery of 2 million barrels of oil and is in talks to ...

Locked content PKN Orlen lays out capital expenditure plans for 2017

PKN Orlen, which operates six refineries in Poland, Lithuania and the Czech Republic and also conducts mining operations in Canada, will increase its capital expenditures in 2017, in comparison to 2016, the company said in a press statement on Thursday. It will invest PLN 3.3 billion in development ...

Locked content Poland will not extend gas deal with Russian Gazprom

Poland will not extend its long-term natural gas deal with Russia’s Gazprom beyond 2022 on current terms, hoping to plug the gap in supply with imports from Norway via a new Baltic Pipe project with 10 bcm capacity, Poland’s pointperson for strategic energy infrastructure Piotr Naimski s...

Locked content PGNiG to buy gas deposits from Norway

Polish state-controlled natural oil and gas company PGNiG plans to buy gas deposits in Norway, the CEO Piotr Woźniak informed. “We are working intensively to buy deposits in Norway,” the official confirmed during a press conference on September 8. Additionally, PGNiG wants to increase it...