Nafta Polska looks abroad for oil deposits

"This is important. They control 80% of world deposits. Among others we will sign such contract with Kazakh state owned company KazMunaiGaz. This would substantially help Polish companies to acquire licenses in that country," said Adam Sęk, president of NP. Another reason for acquiring own deposits is the fight for increasing the value of Polish oil companies, which lag behind their regional competitors. "This is just energy safety," said Włodzimierz Ostaszewski, director of SGS Polska. Other countries, in which NP will try to sign contracts include Iraq, Libya, Sudan and Morocco. According to Ostaszewski, one should not forget African countries which might even have lower levels of political instability. (Puls Biznesu, pp. 1, 6) M.M.