New solvents plant in Jedlicze Refinery

Rafineria Jedlicze, an ORLEN Group company, has today launched its unique scale plant for the production of organic solvents in Poland. The investment of PLN 27m marks the first and key stage of Rafineria Jedlicze’s strategy for the period to 2017.

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CHEMOPETROL, UNIPETROL RAFINÉRIE and UNIPETROL RPA will merge into a single company, UNIPETROL RPA

Praha, 1st of August 07 – The amalgamation of CHEMOPETROL, UNIPETROL RAFINÉRIE and UNIPETROL RPA by way of merger into UNIPETROL RPA is the logical continuation of the implementation of a new management model, which the UNIPETROL group has been gradually deploying since the beginning of the year. The main advantages of the merger include simplified flows of intermediate products within a single company and better use of existing synergies. Another positive effect is in more efficient internal sourcing and the sale of its own products within the Group. Last but not least, the change will allow for better control over the entire production and sales chain, from feedstock purchase to customer care. “The merger will result in a single compact unit with a simplified organisational, personnel, administrative and logical structure of activities,” says Petr Sosík, one of UNIPETROL RPA’s executives, and adds: “This change will reduce administrative expenses and increase the prosperity of the entire Unipetrol group.”

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PKN ORLEN signs crude oil supply contract with KD Petrotrade FZE

The Board of PKN ORLEN has today signed a long-term contract for the supply of 2.4m tonnes of crude oil per year with KD Petrotrade FZE. In doing so, PKN ORLEN has achieved the planned model supply structure, which provides for acquiring approximately 82% of crude oil in term contracts.

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PKN ORLEN joined the international group of signatories of the Responsible Care Charter

Piotr Kownacki, President of the Management Board of PKN ORLEN, signed the Declaration of Support to the Responsible Care Global Charter. In this way, the Company joined the group of chemical companies and associations from all parts of the world which undertake to act in accordance with the rules of sustainable development and harmonise their actions under the Responsible Care program on a global level.

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New CEO for Mažeikiu Nafta

The Board of Mažeikiu Nafta has today appointed Marek Mroczkowski as the new CEO of Mažeikiu Nafta. Mr Mroczkowski will replace the current Managing Director, Paul Nelson English, and will take up his new post on July 2, 2007.

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PKN ORLEN and Benzina are partners to the 42nd Karlovy Vary International Film Festival

PKN ORLEN and Benzina are partners to this year’s 42nd edition of the Karlovy Vary International Film Festival. PKN ORLEN together with Unipetrol supported the project last year. This year, its subsidiary Benzina assumed the auspices, whose brand will be promoted during the course of the festival.

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New company joins the ORLEN Group

PKN ORLEN bought 100% of shares in the Swedish company Aktiebolaget Grundstenen 108770 from Svenska Standardbolag AB. The nominal value per purchased share is SEK 100 (approx. PLN 40.40 at today’s average NBP exchange rate). The price of the purchased shares was SEK 500 000 (202 000 PLN) and has been covered by the corporation in cash.

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Mazeikiu Nafta - exporter of the year 2006

The Lithuanian Confederation of Industrialists has made awards at its annual conference to the Lithuanian companies which have made the most significant contribution to the growth of national exports in 2006. Mazeikiu Nafta received the title of “The Best Lithuanian Exporter 2006.”

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The future of Mažeikių Nafta – PKN ORLEN is planning an increase in the value of the merged enterprises

PKN ORLEN is planning to invest $1.6bn in Mažeikių Nafta’s Value Creation Program over a period of six years. The goal of these efficiency-improving and investment projects is to increase Mažeikių Nafta’s EBITDA by $ 650m in 2012. PKN ORLEN’s strategy for MN assumes restoring optimum operating conditions, improving efficiency and implementing a new investment plan.

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