NP presses Orlen to develop a strategy of gaining access to crude oil deposits

MOL's engagement in a joint venture with a Russian partner to extract the deposit is part of the company's strategy, which envisages tripling oil output by 2010. Meanwhile domestic oil sector leader PKN Orlen is left far behind, as it is the only significant company from the sector in the region which does not have access to its own oil deposits. The Płock-based concern is still in the process of preparing a strategy for oil extraction, which is to be revealed on January 10. Nafta Polska (NP), the state-controlled company which has an almost 52% stake in Lotos and over 17% of shares in Orlen, said that it demands a detailed strategy from both companies on how they plan to enter the sector of extracting crude oil. "Once we know their strategies, we will be able to undertake coordinating and supporting activities," said NP's president Adam Sęk. (Parkiet, p. 1) A.K.