18:49 22 September 2025
BP CEO in Poland: fuel industry in Permanent crisis on reform and costs
Regulatory uncertainty is the key challenge for Poland’s fuel sector, says Michał Obiegała, president of BP Poland. The presidential veto of the fuel reserves reform halted years of industry efforts to shift responsibility for strategic reserves toward the state. For private firms, reserves mean frozen capital financed by loans, raising costs and limiting investment in energy transition. While a new bill is in preparation, uncertainty persists, affecting storage development critical for energy security.
At the same time, EU climate goals weigh heavily on the industry. Obiegała argues that short-term targets need revision, as many are unrealistic in Polish conditions, risking unjustified costs. He calls for pragmatic EU diplomacy and time to scale new technologies.
Globally, BP has launched its “Reset BP” strategy, prioritizing oil and gas over renewables, with up to $10 billion annually earmarked for upstream investment. In Poland, BP follows this framework, balancing regulatory challenges with cautious optimism. Despite crises—from COVID to the war in Ukraine—the company expects 2025 to be stable, though marked by ongoing geopolitical and regulatory risks.
(wnp.pl)
