Locked content PKN Orlen pre-notifies EC on merger with Lotos

PKN Orlen sent complete analysis of the merger with Grupa Lotos to the European Commission (EC), as part of the pre-notification process – PKN Orlen CEO Daniel Obajtek informed. “We are in constant talks with the EC and we want to prove that the merger is not a threat to competition on t...

Locked content PKN Orlen and PGNiG discover gas deposit in Wielkopolska

PKN Orlen and PGNiG discovered a new gas deposit in Wielkopolska. The production capacity of the deposit was estimated at 50 million cubic meters of gas annually.  The deposit is located in the area of Płotki on the Śrem-Jarocin concession, PKN Orlen said. It was discovered by the Chwalęcin-1K well,...

Locked content Orlen raises PLN 200 mln in bond issue

Oli giant PKN Orlen sold 2 million series E bonds to investors for a total sum of PLN 200 million, the company stated. Average reduction rate came in at 68.42 percent. The issue is part of the company’s larger bond program aimed at raising a total of PLN 1 billion….

Locked content PKN Orlen to pay PLN 3 dividend per share

Shareholders of PKN Orlen have decided to allocate PLN 1.28 billion from the profit for 2017 for shareholder dividends, which means a payment of PLN 3 per share. The proposed dividend day is July 20, 2018, and the payment date of the dividend is August 3, 2018. The PKN Orlen Group manages six refine...

Locked content PKN Orlen gets approval for Unipetrol squeeze out

PKN Orlen received from the Czech National Bank an approval to acquire the remaining  5.97 percent of Unipetrol shares owned by minority shareholders. The remaining 94.03 percent stake already belongs to PKN Orlen. The deal value is CZK 380 per share or about CZK 4.11 billion in total. Following the...

PKN Orlen to issue series D bonds

PKN Orlen Management Board has decided to launch a series D issue of bearer bonds as part of the public bond issue program to individual investors. The final terms of the series D bonds were transferred to the Polish Financial Supervision Authority (KNF) and will be published on May 16.

Locked content Over 20 offers in Orlen’s Baltic wind farm tender

Over 20 companies filed their offers in a tender for technological concept for a sea wind farm on the Baltic Sea, organized by PKN Orlen, the oil giant stated. The total power generating capacity of the investment could reach 1,200 MW. In March, PKN Orlen announced the tender for an initial technica...

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 PKN Orlen plans to open 150 charging points for electric cars

PKN Orlen plans to open 150 charging points for electric cars in Poland in the next few years. “Our strategic plan for the coming years, or even by the end of 2019, to have 150 charging points for electric cars at our stations ,” PKN Orlen board member said. He added that a first such…

Locked content ME, PGNiG, PKN Orlen, PGE recruiting for internship program

The Ministry of Energy, the Polish state Oil and Gas Company (PGNiG), the Polish Energy Group (PGE) and PKN Orlen have launched the third edition of the “Energy for the future” internship program, PGNiG announced. The companies and the ministry offer, as part of the program, an annual pa...