The takeover by PKN Orlen, the dominant Polish fuel firm, of its smaller rival, the Lotos Group, should be completed in late July or early August, and the takeover of gas company PGNiG in late September to early October, PKN Orlen's CEO has said.
The European Commission (EC) has given the final green light to the takeover by Poland's dominant oil and gas company, PKN Orlen, of its rival the Lotos Group.
The CEO of Poland's dominant oil and gas company, PKN Orlen, has said that the European Commission (EC) should give the final green light to the takeover of its rival Lotos Group within several days.
Mateusz Morawiecki, the prime minister, has dismissed opposition calls for the dismissal of Daniel Obajtek from the post of PKN Orlen CEO owing to his plans to sell off some assets to Hungarian petroleum company MOL.
PKN Orlen, Poland's biggest oil and gas company, is well prepared for any scenarios that may arise from a possible embargo on Russian crude oil, the company's CEO has told PAP.
Poland's biggest oil company will take over 25 petrol stations in Slovakia and will become one of the five biggest fuel station operators in that country.
The CEO of Poland's leading oil refiner, PKN Orlen, has said that 70 percent of the crude oil in the firm's refinery systems is not sourced from Russia.
PKN Orlen, Poland's largest oil and gas company, has said that following Russia's invasion of Ukraine it ordered additional supplies of oil to make the Polish system independent of Russian imports.
Polish fuels company PKN Orlen has sent to Ukraine a batch of Starlink satellite dishes delivering the Internet from space, the company's CEO said.
PKN Orlen, Poland's biggest oil company, has been given the green light by the country's competition watchdog, UOKiK, to merge with Polish gas monopolist PGNiG.