Prokom expands oil & gas operation into Kazakhstan

Meanwhile, at the end of June, Prokom bought 23% of shares in Pol-Aqua, a company specializing in engineering construction, with a promise to raise its capital by zł.90 million. As a result Pol-Aqua postponed its planned June/July share issue, but what is interesting is that a month before Pol-Aqua received a concession for the turnover of natural gas. When asked, the president of Pol-Aqua, Marek Stefański, claimed that his company is not going to supply natural gas for Prokom. Instead, Stefański claims that the concession was received as Pol-Aqua wants to supply power stations and industrial companies. The company is also planning a number of independent gas extraction operations, and claims that it is currently working on business plans for particular terrains. After the local election it is going to apply for concessions for the transmission and distribution of natural gas. Pol-Aqua is also one of the contractors which is going to build extractive installations for Prokom in Kazakhstan. (Puls Biznesu, p.4) M.M.