PKN Orlen plans zl.2.2 billion funding for Plock refinery

The management board of oil giant PKN Orlen has announced a zl.2.2 billion investment plan for its Plock refinery. Under the 8-year development program, the quality of the refinery's petroleum processing will be improved, its output of petrochemical products will be increased to reflect current market demands, and its retail sales network and logistics systems will be modernized. In a related development, PKN Orlen is also conducting talks with Bassell Europe Holdings, an international producer and distributor of polyolefins, concerning its plans to build a polyolefins processing facility in Poland. The two companies hope to finalise the details of their co-operation in September. (Puls Biznesu, p. 7) K.K.