PKN Orlen buys oil reserves for PLN 956 mln

Poland’s largest oil company paid PLN 959 million ($259 million) to Neon Poland for certain oil reserves. The deal came after the expiry of an agreement with Neon under which PKN maintained the reserves and bought its oil output, Reuters reported.

Locked content Siemens to build Orlen’s Płock power unit

Poland’s largest oil company PKN Orlen has named Siemens as the contractor for its combined cycle gas unit in Płock, the firm said in a recent press release. The value of the contract, which also includes 12 years of machinery servicing, stands at PLN 1.3 billion. The Płock plant will have a power g...

Locked content Orlen consolidates refineries

Poland’s largest oil company PKN Orlen will merge its refineries in Trzebinia and Jedlicze in southern Poland into one company called Orlen Południe, the group said in a press release on Monday. “We expect the consolidation to to contribute to the optimal use of possessed assets, especially with reg...

Locked content Orlen’s PLN 1.65 billion project greenlit by supervisory board

The supervisory board of Polish oil giant Orlen has agreed to the construction of a steam and gas co-generation plant with 600 MWe of power. The investment will cost PLN 1.65 billion and will be delivered in 2017. The company is close to signing the agreement with the general contractor for the proj...

Locked content Orlen to restructure gas station network

Poland’s largest oil group PKN Orlen is restructuring its filling station network in Poland, the company’s management board member Marek Podstawa told the Polish Press Agency in an interview. Orlen is gradually rebranding its budget stations from Bliska back to Orlen. “On the Polish mark...

Locked content Tesco tests convenience format on Orlen stations

Poland’s largest fuel company PKN Orlen has launched tests of convenience stores under the Tesco Express brand, the company said in a press release on Tuesday. The testing program will take 12 months. It will involve the opening of 10 Tesco Express stores on selected Orlen stations. The first such s...

Locked content PKN Orlen merges two refineries into one unit

Orlen Południe will now encompass the two refineries: Rafineria Trzebinia and Rafineria Nafty Jedlicze. The reason for the merger is more efficient asset utilization. The two plants’ operational proceedures will not change. The optimalization will streamline the two management teams and ensure...

Locked content PKN Orlen about to decide on Płock power unit

Poland’s largest oil company PKN Orlen will make a final decision on building a combined cycle gas power plant in Płock in the fourth quarter of this year, the company said on Wednesday. PKN Orlen is now conducting a feasibility study for the project, which would involve the construction of a unit w...

Locked content Six workers hurt in Płock refinery explosion

On Wednesday, oil producer PKN Orlen released news regarding an explosion in their Płock refinery. It appears that six workers were affected in the mishap. There is no threat to life, although all six have been treated in a Płock hospital. Two workers have already left care, while two others should ...

Locked content Polish companies lead in CEE

According to a report from Coface, published by Dziennik Gazeta Prawna daily, Polish companies are the leaders among the biggest companies in Central-Eastern Europe. The lone leader in the above mentioned region is Polish PKN Orlen which specializes in oil processing and distribution. Although the c...