PKN Orlen strategy devoid of sector consolidation
"It all depends on the will of the main owner, the State Treasury," said Jacek Krawiec. Krzysztof Żuk from the ministry replied that the current oil sector strategy does not encompass such consolidation.
The main objective of Orlen, also mentioned by its CEO, is the growth of company's value based on the refinery and petrochemical sectors. Total investments of zł.12.6 billion will be distributed respectively to the refinery segment - zł.5.2 billion and petrochemical - zł.4.9 billion. Orlen will designate zł.1.4 billion for the retail sector, while another zł.700 million will be designated for its extraction of oil.
To this end the firm will also carry out acquisitions, but might also acquire a partner, most likely from an Arab country. In general, the strategy is positively perceived, but on the other hand, it is also regarded as being relatively conservative.
Sources: Puls Biznesu, Rzeczpospolita, Parkiet (M.M.)
The main objective of Orlen, also mentioned by its CEO, is the growth of company's value based on the refinery and petrochemical sectors. Total investments of zł.12.6 billion will be distributed respectively to the refinery segment - zł.5.2 billion and petrochemical - zł.4.9 billion. Orlen will designate zł.1.4 billion for the retail sector, while another zł.700 million will be designated for its extraction of oil.
To this end the firm will also carry out acquisitions, but might also acquire a partner, most likely from an Arab country. In general, the strategy is positively perceived, but on the other hand, it is also regarded as being relatively conservative.
Sources: Puls Biznesu, Rzeczpospolita, Parkiet (M.M.)
