var words = new Array();var wordsDesc = new Array();
words[0] = 'ADR';
wordsDesc[0] = 'American Depositary Receipt each representing 2 shares of PKN ORLEN; traded on the OTC market in the USA';
words[1] = 'Alkylation';
wordsDesc[1] = 'Refining process whereby light gasoline and gases are converted to high octane gasoline components';
words[2] = 'Amortisation';
wordsDesc[2] = 'Periodic charges to income to recognise distribution of the cost of the company\'s intangible assets over the estimated useful lives of these assets';
words[3] = 'Antimonopoly Law';
wordsDesc[3] = 'Polish Act on Countering Monopolistic Practices and Protection of Consumer Interests ';
words[4] = 'Aromatics';
wordsDesc[4] = 'Type of hydrocarbon, such as benzene, toluene and xylene, with good antiknock characteristics in gasoline';
words[5] = 'Asphalt';
wordsDesc[5] = 'Heaviest petroleum derivative. A solid product which liquefies on heating, used principally for roadmaking. Also called bitumen.';
words[6] = 'Asset ';
wordsDesc[6] = 'Something owned by and having continuing value to the owner or the business ';
words[7] = 'Barrel';
wordsDesc[7] = 'Volumetric unit of measurement in the oil industry equal to 42 US gallons. ';
words[8] = 'Base Oils';
wordsDesc[8] = 'Feedstock for lubricant production from the residual part of crude oil. ';
words[9] = 'Bitumen';
wordsDesc[9] = 'Heaviest petroleum derivative. A solid product which liquefies on heating, used principally for roadmaking. Also called asphalt.';
words[10] = 'BOP';
wordsDesc[10] = 'Basell Orlen Polyolefins; a 50-50 joint venture between PKN ORLEN and Basell Europe Holdings B.V. ';
words[11] = 'Brent Dated';
wordsDesc[11] = 'Key price benchmark for contract pricing of crude oil worldwide. The dated Brent market is a rolling assessment by Platt\'s on a 7-15 day forward basis (7-17 days on a Friday).';
words[12] = 'CAGR';
wordsDesc[12] = 'Compound Average Growth Rate';
words[13] = 'CAPEX';
wordsDesc[13] = 'Capital Expenditures';
words[14] = 'Catalytic Reforming';
wordsDesc[14] = 'Conversion of naphtha into higher octane intermediate products suitable for blending into finished gasoline or for petrochemical feedstocks via simultaneous catalytic combination of polymerisation, cracking, dehydrogeneration and isomerisation processes.';
words[15] = 'Cavern';
wordsDesc[15] = 'Post-exploration underground depot for storing crude oil and petroleum products ';
words[16] = 'CCR';
wordsDesc[16] = 'Continuous catalyst reforming technology. This assures the continuous operation of the catalytic reforming process. It involves partially aged catalyst in the reactors being continuously replaced with freshly generated catalyst from an external regenerator to maintain a low average cost of the reactor catalyst.';
words[17] = 'CE';
wordsDesc[17] = 'Capital employed = Net debt + Equity ';
words[18] = 'CoDo';
wordsDesc[18] = 'Company owned dealer operated; a retail outlet owned by PKN ORLEN and run by a dealer ';
words[19] = 'Complexity';
wordsDesc[19] = 'The basic yardstick used to estimate the general standing and technological advancement of a refinery ';
words[20] = 'CPN';
wordsDesc[20] = 'Centrala Produktów Naftowych SA, the petroleum products marketing company which merged with PKN ORLEN on 7th September ';
words[21] = 'Cracking ';
wordsDesc[21] = 'Thermal or catalytic conversion of heavier and more complex hydro carbons into lighter products and coke, thus increasing the yield of lighter products from crude oil.';
words[22] = 'Crude Slate';
wordsDesc[22] = 'Range of types of crude oil processed at a refinery. The quality of the crude slate depends upon the average percentage of sulphur contained in crude oil. Generally, the higher the sulphur content, the lower the price of the crude oil.';
words[23] = 'DEC';
wordsDesc[23] = 'Dyrekcja Eksploatacji Cystern Sp. z o.o., the principal provider of rail tank cars for transport of petroleum products in Poland. DEC was formerly owned by CPN but ownership was transferred to Nafta Polska in November 1996.';
words[24] = 'Depreciation ';
wordsDesc[24] = 'Periodic changes to income to recognise the cost of wear and tear of a company\'s fixed assets over the estimated useful lives of those assets';
words[25] = 'Diesel ';
wordsDesc[25] = 'Middle distillate fuel for diesel engines. Also referred to as gas oil in Europe or, in the UK, as derv fuel. ';
words[26] = 'Diesel Oil';
wordsDesc[26] = 'Heavy distillate fuel for heavy marine engines. ';
words[27] = 'Distillate ';
wordsDesc[27] = 'Material condensed from the vapours after boiling in a distillation process as compared with the residue which remains. Usually a \'\'clean\'\' oil. Diesel oil and light heating oil are heavy distillates; diesel (gas oil or derv) is a middle distillate; kerosene and aviation fuel are medium-light distillates; and gasoline is a light distillate.';
words[28] = 'Distillation ';
wordsDesc[28] = 'Method of fractionation. Distillation is based on the difference in boiling point of the liquids in the mixture to be separated. Successive vaporization and condensation of crude oil in a fractioning column will separate out the lighter fractions, leaving a residue.<br />';
words[29] = 'Dividend payout';
wordsDesc[29] = '= Dividend / Net profit of the mother company';
words[30] = 'DoDo';
wordsDesc[30] = 'Dealer owned dealer operated - a retail outlet owned and run by a dealer under corporate logo';
words[31] = 'DoFo';
wordsDesc[31] = 'Dealer owned Franchisee operated ';
words[32] = 'Downstream ';
wordsDesc[32] = 'Generic term applied to the activity of the oil industry onwards from the production and dispatch of crude oil, as compared with "Upstream" which describes exploration and production.';
words[33] = 'DRW';
wordsDesc[33] = 'Crude oil distillation unit ';
words[34] = 'EBIT ';
wordsDesc[34] = 'Earnings before interest and tax ';
words[35] = 'EBITDA ';
wordsDesc[35] = 'Earnings before interest, tax, depreciation and amortization ';
words[36] = 'EU 2005 standards';
wordsDesc[36] = 'Product quality standards to be prescribed by the EU for certain petroleum produts with effect from 1 January 2005, also known as "AutoOil 2005" standards.';
words[37] = 'EU, EUR';
wordsDesc[37] = 'European Union, euro ';
words[38] = 'EVA®';
wordsDesc[38] = 'Economic value added registered by Stern Steward & Co.';
words[39] = 'FCC';
wordsDesc[39] = '(fluid catalytic cracking) Catalytic conversion of heavier and more complex hydrocarbons into lighter products and coke in a fluidised bed catalytic reactor with continuous catalyst regeneration. Thus the lighter products yield from crude oil is increased.';
words[40] = 'Feedstock ';
wordsDesc[40] = 'Any material (raw or intermediate product) used as feed for a processing unit.';
words[41] = 'FIFO ';
wordsDesc[41] = 'First in, first out; inventory-costing method that states inventory at its most current cost while charging the cost of sales in the order the inventory was accumulated.';
words[42] = 'Fuel Oil ';
wordsDesc[42] = 'Any oil intended to be burned under boilers. Normally heavy residual oil, but a wide variety of qualities can be used, including some blends with distillate materials such as gas oil.';
words[43] = 'Gas Oil';
wordsDesc[43] = 'Heaviest distillate product used primarily for diesel fuel and in small boiler installations. Name derived from original uses in the coal gas industry.';
words[44] = 'Gasoline Light';
wordsDesc[44] = 'Distillate product used for spark-ignited internal combustion engines either in cars or aircraft. Also known as motor/aviation spirit. In refineries, the term is usually restricted to a lighter distillate cut. ';
words[45] = 'GDR';
wordsDesc[45] = 'Global depositary receipt each representing 2 shares of PKN ORLEN ';
words[46] = 'Gearing ';
wordsDesc[46] = '= Net debt / Equity ';
words[47] = 'GPW ';
wordsDesc[47] = 'Gielda Papierow Wartościowych w Warszawie S.A. - Warsaw Stock Exchange';
words[48] = 'GUS ';
wordsDesc[48] = 'Główny Urząd Statystyczny, the Polish Central Statistics Office. ';
words[49] = 'Heavy Vacuum Residue Hydro-desulphurisation Unit';
wordsDesc[49] = 'Plant for hydrotreating vacuum residue from the crude oil distillation units and producing LPG, naphtha, gas, oil, low sulphur FCC feedstock and low sulphur material for blending into fuel oil. Also known as a vacuum residue hydrotreater.';
words[50] = 'Hydrocarbons ';
wordsDesc[50] = 'Organic compounds made up of carbon and hydrogen (e.g., pentane, hexane and propane). Crude oil and natural gas are mixtures of hydrocarbons.';
words[51] = 'Hydrocracking ';
wordsDesc[51] = 'Catalytic cracking of hydrocarbon feedstocks in the presence of hydrogen.';
words[52] = 'Hydrodesulphurisation';
wordsDesc[52] = 'Process of converting any type of organic sulphur compound into hydrogen sulphide and hydrocarbons in order to reduce the sulphur content of petroleum products complying with the required fuel specifications (includes diesel and kerosene desulphurisation).';
words[53] = 'Hydrotreating ';
wordsDesc[53] = 'Process whereby feedstocks are placed into contact with hydrogen, under high pressure and at a high temperature, in the presence of a catalyst, to reduce the content of sulphur, nitrogen, metals and olefins.';
words[54] = 'IAS ';
wordsDesc[54] = 'International Accounting Standards. ';
words[55] = 'IFRS ';
wordsDesc[55] = 'International financial reporting standards ';
words[56] = 'IPO ';
wordsDesc[56] = 'Initial Public Offering ';
words[57] = 'IRR ';
wordsDesc[57] = 'Internal rate of return ';
words[58] = 'ISO 14001 ';
wordsDesc[58] = 'International Standards Organisation certification as to environmental compliance.';
words[59] = 'ISO 9002';
wordsDesc[59] = 'International Standards Organisation certification as to quality of production.';
words[60] = 'Isomerisation ';
wordsDesc[60] = 'Rearrangement of the molecular structure of hydrocarbons without adding or removing anything from the original material. Isomerisation is used in a refinery to manipulate physical quantities of a substance, e.g., light naphtha isomerisation is a refinery process used to increase the octane number of naphtha.';
words[61] = 'Jet A1 Aviation Fuel ';
wordsDesc[61] = 'Fuel for jet-propelled aircraft or for jet turbines. Usually a form of kerosene. Also known as ATK (Aviation Turbine Kerosene). ';
words[62] = 'Kerosene ';
wordsDesc[62] = 'Medium-light distillate in between diesel and gasoline; used for lighting, heating and as fuel for jet and turbo-propeller aircraft engines.';
words[63] = 'KPI ';
wordsDesc[63] = 'Key Performance Indicator ';
words[64] = 'LIFO ';
wordsDesc[64] = 'Last in, first out; inventory-costing method that states inventory at its earliest cost while charging the cost of sales at its latest cost (in the reverse order that the inventory was accumulated)';
words[65] = 'Light Heating Oil';
wordsDesc[65] = 'Heavy distillate fuel for domestic and industrial heating; also Ekoterm Plus produced by PKN ORLEN. ';
words[66] = 'Light Products';
wordsDesc[66] = 'Gasoline, diesel oil, light fuel oil and Jet A1 aviation fuel.<br />';
words[67] = 'Liquid Fuels';
wordsDesc[67] = 'Crude oil and petroleum products. ';
words[68] = 'LPG (liquefied petroleum gas)';
wordsDesc[68] = 'LPG consists of propane and butane which may be wholly or partially liquefied under pressure in order to facilitate transport and storage. LPG can be used for cooking or heating or as an automotive fuel.';
words[69] = 'LSE ';
wordsDesc[69] = 'London Stock Exchange ';
words[70] = 'MBO ';
wordsDesc[70] = 'Management By Objectives ';
words[71] = 'Motor Fuels';
wordsDesc[71] = 'Gasoline (leaded and unleaded) and diesel. ';
words[72] = 'MTBE ';
wordsDesc[72] = 'Methyl tertiary butyl ether is a high-octane gasoline-blending component usually associated with reformulated gasolines. ';
words[73] = 'MTO ';
wordsDesc[73] = 'Mandatory tender offer. ';
words[74] = 'Nafta Polska SA ';
wordsDesc[74] = 'The holding company established by the Polish Government to effect the privatization of the State\'s oil interests<br />';
words[75] = 'Naftobazy ';
wordsDesc[75] = 'Naftobazy Sp. z o.o., the principal provider of storage for petroleum products in Poland. Naftobazy was formerly owned by CPN but its ownership was transferred to Nafta Polska in March 1999.';
words[76] = 'Naftoport ';
wordsDesc[76] = 'The largest operator of imported crude oil reloading facilities for ships in Poland. The company\'s core business consists in the reloading of oil and oil products for Polish refineries.';
words[77] = 'Nameplate Crude Oil Distillation Capacity';
wordsDesc[77] = 'Number of metric tonnes of crude oil processed, in accordance with the specification, in a crude oil distillation unit per year.';
words[78] = 'Naphtha ';
wordsDesc[78] = 'Range of distillates lighter than kerosene; used as feedstock for production of both gasoline and many petrochemicals such as ethylene and solvents.<br />';
words[79] = 'NBP ';
wordsDesc[79] = 'National Bank of Poland. ';
words[80] = 'Net debt ';
wordsDesc[80] = '= Debt-Cash - Marketable securities ';
words[81] = 'NOPAT ';
wordsDesc[81] = 'Net Operating Profit After Tax ';
words[82] = 'Olefins ';
wordsDesc[82] = 'Alternative name for alkenes; a product of the petrochemical complex; also ethylene and propylene ';
words[83] = 'OPCC ';
wordsDesc[83] = 'Polish Office for Protection of Competition and Consumers. ';
words[84] = 'OTC ';
wordsDesc[84] = 'Over the counter market in the USA ';
words[85] = 'PAS ';
wordsDesc[85] = 'Polish Accounting Standards. ';
words[86] = 'PERN ';
wordsDesc[86] = 'Przedsiębiorstwo Eksploatacji Rurociągów Naftowych "Przyjaźń" SA - owner and operator of the crude oil storage terminals and the pipelines used to transport crude oil and petroleum products within Poland. PERN is wholly owned by the State Treasury<br />';
words[87] = 'Petrochemia ';
wordsDesc[87] = 'Former Petrochemia Płock S.A., formerly the Mazovian Refinery, which changed its name to Polski Koncern Naftowy S.A. on 20 May 1999 and Polski Koncern Naftowy ORLEN S.A. on 12 April 2000.';
words[88] = 'Petroleum Products';
wordsDesc[88] = 'Gasoline, diesel, oil, Jet A-1 aviation fuel, LPG, light heating oil, heavy fuel oil and other, more minor products derived from crude oil.';
words[89] = 'PKN ORLEN Group';
wordsDesc[89] = 'Company and its consolidated subsidiaries and associates. ';
words[90] = 'PKN ORLEN S.A. ';
wordsDesc[90] = 'Former Polski Koncern Naftowy S.A., which changed its name to Polski Koncern Naftowy ORLEN Spolka Akcyjna on 12 April 2000. ';
words[91] = 'PKP SA';
wordsDesc[91] = 'Polskie Koleje Państwowe - Polish Railways ';
words[92] = 'Platt\'s ';
wordsDesc[92] = 'Company specialising in international economic and pricing forecasts for the oil industry. ';
words[93] = 'PLN ';
wordsDesc[93] = 'Polish currency (Zloty) ';
words[94] = 'Polkomtel ';
wordsDesc[94] = 'Polkomtel S.A., one of Poland\'s three cellular GSM telephone operators. PKN ORLEN owns 19.61 per cent. of the share capital of Polkomtel.';
words[95] = 'Polymerisation ';
wordsDesc[95] = 'Catalytic reaction joining similar hydrocarbon molecules to form large molecular chain species. ';
words[96] = 'Polymers ';
wordsDesc[96] = 'Collective term for polyethylene and polypropylene ';
words[97] = 'Polyolefins ';
wordsDesc[97] = 'Here: polyethylene and polypropylene ';
words[98] = 'ppm ';
wordsDesc[98] = 'Parts per million ';
words[99] = 'PTA ';
wordsDesc[99] = 'Terephthalic acid';
words[100] = 'PVC ';
wordsDesc[100] = 'Polyvinyl chloride ';
words[101] = 'PX ';
wordsDesc[101] = 'Abbreviation used for describing paraxylene';
words[102] = 'R&M';
wordsDesc[102] = 'Refining and Marketing ';
words[103] = 'Refinery Gases';
wordsDesc[103] = 'Mixture of gases, including hydrogen, methane and ethane, generated during the processing of crude oil. ';
words[104] = 'Reforming/Reformers';
wordsDesc[104] = 'Refinery process/plant aimed at improving gasoline quality by changing chemical characteristics of materials rather than breaking up molecules as in cracking.';
words[105] = 'ROACE';
wordsDesc[105] = 'Return on average capital employed; NOPAT / average CE ';
words[106] = 'RWL ';
wordsDesc[106] = 'Refining, Wholesale, Logistics ';
words[107] = 'SEC ';
wordsDesc[107] = 'United States Securities and Exchange Commission. ';
words[108] = 'Semi-finished Products';
wordsDesc[108] = 'Feedstocks which will be further processed and products used for blending to produce finished products. ';
words[109] = 'Solino ';
wordsDesc[109] = 'Inowrocławskie Kopalnie Soli \'\'Solino\'\' S.A., a salt mining company 70.54 per cent-owned by PKN ORLEN';
words[110] = 'SPA ';
wordsDesc[110] = 'Sale and Purchase Agreement ';
words[111] = 'Statute ';
wordsDesc[111] = 'Company\'s statute or articles of association.';
words[112] = 'Supervisory Board';
wordsDesc[112] = 'The supervisory board of the Company, responsible for reviewing and supervising the conduct of the Management Board and the operations of the Company.';
words[113] = 'SWAP ';
wordsDesc[113] = 'In this case fuel swap transaction on two local markets with reference to respective prices ';
words[114] = 'UOKiK ';
wordsDesc[114] = 'Polish Office for Protection of Competition and Consumers (OPCC).';
words[115] = 'URE ';
wordsDesc[115] = 'Urząd Regulacji Energetyki, the Polish Energy Regulation Authority. ';
words[116] = 'Vacuum Distillation';
wordsDesc[116] = 'Distillation under reduced pressure (less than atmospheric) which lowers the boiling points of the liquid mixture being distilled. This technique, involving a relatively lower temperature, prevents cracking or decomposition of the very heavy hydrocarbon stocks which normally boil at very high temperatures.';
words[117] = 'White product yield';
wordsDesc[117] = '(LPG, gasoline, diesel) from the processed crude oil. The basic yardstick used to estimate the general standing, technological advancement, and capacity utilisation of individual installations';
words[118] = 'White products';
wordsDesc[118] = 'Gasolines, diesel oils and LPG - the basic yardstick used to estimate the general standing, technological advancement, and capacity utilisation of individual installations';
words[119] = 'WIG20 ';
wordsDesc[119] = 'Index of the top 20 companies traded on the WSE; blue-chip index on the WSE ';
words[120] = 'WSE';
wordsDesc[120] = 'Warsaw Stock Exchange - Gielda Papierow Wartosciowych w Warszawie S.A. ';