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...

Locked content PKN Orlen doesn’t plan to sell Anwil

PKN Orlen says the sale of Anwil is not in its strategic plans. The Anwil chemical plant is an extremely important and integral element of the Orlen Group value, the company added in a market filing. The statement referred to the recent interview with Grupa Azoty CEO Wojciech Wardacki published in d...

Locked content First US oil tanker after embargo lift reaches Poland

Almi Explorer, a US tanker transporting 100,000 tonnes of crude oil from West Texas Intermediate to Polish oil giant PKN Orlen, has reached its destination in Gdańsk, PKN Orlen stated. It is the first shipment of oil from the US to Poland after the US forty-year-long embargo on oil exports was lifte...

Locked content Orlen introduces its own brand of products

Oil giant PKN Orlen will introduce own-brand products at its gas stations, the company stated. The first product introduced is bottled water “O!” The idea for an own-brand follows the introduction of Orlen’s own convenience stores at its gas stations, called O!Shop. The own-brand line will offer jui...

Locked content PKN Orlen with PLN 1.6 bln profit in Q3

Oil giant PKN Orlen recorded net profit of PLN 1.6 billion in Q3 2017, an increase over PLN 1.5 billion recorded in Q3 2016, but below market consensus of PLN 1.96 billion. For the first three quarters of the year, net profits stood at PLN 5.539 billion and were PLN 1.842 billion higher than in̷...

Locked content Orlen pays record-high dividend for 2016

Fuel giant PKN Orlen paid out record high dividend last Friday of PLN 3 per share. PLN 1.28 billion, almost 25 percent of the company’s record-high 2016 net profit of PLN 5.36 billion, was paid out to the company’s shareholders. “It is the fifth year in a row when the concern, in line with its…...