PKN Orlen sells subsidiaries

PKN Orlen is selling its railway and transportation subsidiaries, Orlen KolTrans and Orlen Transport, the refiner reported. In total, the transactions will reach a value of PLN 335 million.

Locked content Orlen to sell Orlen Transport

Poland’s largest refiner PKN Orlen will allegedly sell its subsidiary, Orlen Transport, meaning the entire tanker fleet amounting to over 200 vehicles, Radio Zet radio station reported. A deal with Trans Polonia is to be signed next week, Radio Zet informed. The tankers carry fluel to Orlen...

Orlen goes shopping

Polish refinery giant PKN Orlen said it has lunched takeover bids for Canada’s Kicking Horse Energy for CAD 356 million (around PLN 1.02 billion) and US’ FX Energy for PLN 442 million.

Locked content PKN Orlen runs open international contest for innovative solutions

Poland’s largest refiner PKN ORLEN has launched Poland’s first open contest to find innovative solutions to improve the energy efficiency of production processes, a press release read. Contestants from all over the world, including research institutes, companies, independent researchers, consu...

Locked content PKN Orlen to shrink capex for exploration projects

PKN Orlen will decrease this year’s capex (capital expenditures) from PLN 3.8 billion to some PLN 400 million, Wiesław Prugar, the CEO at Orlen Upstream told the media. “Capex will not be as much reduced, as disposed for the next years,” Prugar pointed out. In July, the group’...

Locked content Lithuania has plans for Możejki plant

The Lithuanian government has prepared a draft for connecting a refinery in Możejki owned by Polish PKN Orlen with the LNG terminal in Klaipeda. The Możejki plant could have been closed last year and the project drafted by the Lithuanian ministry of the energy may increase its profitability, Rokas M...

Locked content ORLEN acquires DEA’s concessions in Poland

PKN ORLEN acquired 100% of shares in two concessions in the Małopolskie and Podkarpackie voivodships from DEA Deutsche Erdoel AG, a company press release read. “The areas being acquired represent considerable exploratory potential. With the analyses performed to date, we can promptly start dri...