PKN Orlen merges two refineries into one unit

Orlen Południe will now encompass the two refineries: Rafineria Trzebinia and Rafineria Nafty Jedlicze. The reason for the merger is more efficient asset utilization. The two plants' operational proceedures will not change. The optimalization will streamline the two management teams and ensure a more efficent economic outlook. In effect, Trzebinia will take over Jedlicze. Taken together, the refineries assets will amount to over PLN 500 million, according to PAP. PKN Orlen owns 86.35 percent of Rafineria Trzebinia and has expressed an interest in buying the remaining shares.