Locked content PKN Orlen net profit at PLN 337 mln

PKN Orlen reported a consolidated net profit of PLN 337 million in Q1 2016, compared with a net profit of PLN 756 million generated in Q1 2015. Orlen’s operating profit amounted to PLN 478 million, versus a profit of PLN 1.21 billion in the previous year. The company’s revenue totaled PL...

Locked content PKN Orlen among the most ethical companies in the world

PKN Orlen has been ranked among the most ethical companies in the world for the third time (in 2014 and 2015 as well). It is the only Polish company in the list of award winners. The World’s Most Ethical Companies program (by the Ethisphere Institute) honors companies that excel in three areas – pro...

Locked content Salary increase for all PKN Orlen employees

PKN Orlen agreed to establish a PLN 200 salary increase for all its employees  from January 1; a PLN 100 increase for discretionary employees from April 1; and two premiums of PLN 1,500 in March and December for every worker in the company. PKN Orlen is the largest entity  in the refinery and petroc...

Locked content PKN Orlen board appoints new members

The supervisory board of PKN Orlen recalled Marek Podstawa from the management board and appointed  Mirosław Kochalski as board vice-president and Zbigniew Leszczyński as board member, the company announced on Tuesday. These changes mean that the management board of the largest state firm in Poland ...

Locked content PKN Orlen lands deals for PLN 7.9 bln

Poland’s refiner PKN Orlen has signed contracts valued at PLN 7.9 billion in total for delivery of crude oil and oil products in 2016. The deals were signed with Lukoil Polska, BP Europa SE and Shell, company press releases read. The deal with Shell is worth PLN 2.1 billion, the one with BP &#...

Poland begins work on merging fuel firms

The Minister of State Treasury announced on Monday that Poland has started analytical works on merging its fuel sector firms PKN Orlen, Lotos and PGNiG, the Polish Press Agency informed.

Locked content Orlen signs annex to lucrative deal

Poland’s largest refiner PKN orlen has signed an annex to a long-term deal with Rosneft Oil Company, a press release read. The agreement,  with an estimated maximum value in current market conditions of around PLN 26 billion, provides for the supply of between 18 million to 25.2 million metric...