ORLEN eurobonds on Warsaw Stock Exchange

The largest issue of investment grade corporate eurobonds makes its debut today on the Catalyst markets of the Warsaw Stock Exchange. The securities were issued by ORLEN Capital AB, PKN ORLEN’s Swedish subsidiary, in June 2016. So far, they have been listed only on the Dublin stock exchange.

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Construction of CCGT unit in Włocławek − new arrangements

PKN ORLEN concluded with the consortium of companies (General Electric International Inc. acting via General Electric International S.A., office in Poland and SNC-LAVALIN POLSKA sp. z o.o.) an annex to the agreement for building power plant in Wloclawek. The Annex defines further steps related to defects detected during commissioning.

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PKN ORLEN’s consolidated financial results for Q2 2016

PERFORMANCE UNDER PRESSURE FROM MACROECONOMIC ENVIRONMENT AND MAINTENANCE SHUTDOWNS In Q2 2016, PKN ORLEN reported LIFO-based EBITDA of PLN 2.6bn, despite a challenging macroeconomic environment and...

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PGNiG and ORLEN expand the area of Exploration and Production cooperation

PGNiG and ORLEN Upstream, a subsidiary from the ORLEN Group, signed a Letter of Intent on cooperation in exploration, development and production of hydrocarbons in new areas in Poland. The companies express the will to cooperate in the following regions: the Pomeranian Basin, the Lublin Basin, the Fore-Sudetic Monocline, the Gorzów Block, the Carpathian Foreland, and the Carpathians.

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A resolution to merge ORLEN Upstream International with ORLEN Upstream was passed

By the decision of the Shareholders’ Meeting of ORLEN Upstream a resolution was passed to accept a cross-border merger of ORLEN Upstream Sp. z o.o. (Acquiring Company), with its registered office in Warsaw, with ORLEN Upstream International B.V. (Acquired Company), with its registered office in Amsterdam, carried out in accordance with the Cross-Border Merger Plan approved on 28 April 2016.

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PKN ORLEN arranges crude oil supplies to its Czech refinery

PKN ORLEN has signed the annex to the contract with Rosneft Oil Company for crude oil supplies to Unipetrol in the Czech Republic. The annex provides for flexibility in the supply volumes – approx. 2,9 million tonnes to approx. 5 million tonnes per year. Today, PKN ORLEN has also signed a contract with Tatneft for the supply of approximately 600,000 tonnes of crude oil annually to its Czech refinery.

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Success of PKN ORLEN’s Eurobond issue

PKN ORLEN has completed the EUR 750m Eurobonds issue. The Company's debt securities with an annual coupon of 2.5% have been ranked high by Fitch Ratings (BBB-) and by Moody's Investors (Baa3).

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ORLEN Group’s flagship petrochemical project in the Czech Republic gets launched

Today, Unipetrol, a strategic subsidiary of the ORLEN Group, has officially launched the construction of a new polyethylene unit (PE3) in its Czech production facility in Litvínov. The cornerstone...

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Annual General Meeting of PKN ORLEN

Today the Annual General Meeting of PKN ORLEN approved the Directors’ Reports on the Company’s and the Group’s operations in 2015 as well as the separate and consolidated financial statements for 2015. The shareholders also endorsed the Management Board’s recommendation concerning dividend payment and appointed the Supervisory Board for a new term of office.

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