PGNiG gas and oil sales up in IV 2016

Polish Oil and Gas Company (PGNiG) sold 7.37 billion cubic meters of gas in the fourth quarter of 2016 compared to 6.54 billion cubic meters in the same period of 2015. Sales of natural gas in the whole of 2016 amounted to 24.36 billion cubic meters, which was up slightly from 23 billion cubic meters a year earlier. Sales of crude oil in the fourth quarter of 2016 increased to 326,000 metric tonnes up from 315,000 tonnes a year earlier. In the whole of 2016 sales of crude oil amounted to 1.35 million tonnes. PGNiG stressed that the figures provided are estimates and may differ from the final data, which will be presented on March 3 this year in its interim report. PGNiG has been trading on the Warsaw Stock Exchange since 2005.