Jukos no longer interested in Gdańsk Refinery

Russian oil concern Jukos, which showed preliminary interest in purchasing the Gdańsk Refinery (RG), abandoned its plans of direct investments in Poland, as it is happy with its lucrative oil delivery contracts to Polish enterprises. "The procedure of privatizing RG was taking too long. If a home is put on auction and nobody buys it for a long time, then potential buyers start to consider whether it is worth it. We were discouraged by its small network of gas stations," said Jukos deputy president Hubert Thouvenot. The Gdańsk concern owns 300 outlets, while its largest competitor and one of the candidates for its privatization PKN Orlen owns almost 2,000. The management of the Russian concern believe that selling ready products is not profitable in Poland, as opposed to Russian market, which is not yet saturated. (Puls Biznesu, pp. 1, 10) M.M.