PKN subsidiary to open gas stations in Ukraine, Lithuania

Petroprofit, a subsidiary of Polski Koncern Naftowy (PKN) Orlen, together with its partners from Ukraine and Lithuania, is to start distributing fuel produced by PKN Orlen on the eastern markets. It is expected that within two or three years, between 30 and 50 Petroprofit gas stations would be operating in western Ukraine. Currently negotiations with possible future business partners from Belarus and Russia are also being conducted. The aim is to create and market new distribution channels for PKN Orlen. As far as the domestic market is concerned, the company is planning mostly to modernize already existing facilities. The estimated cost of those investments should amount zl. 5 million. (Puls Biznesu, page 7) A.D.