ORLEN Group establishes retail presence in Slovakia

​The first ORLEN Group-owned service station has launched in Slovakia under the Benzina brand. Ten more locations with the red seahorse logo will open in the country by the end of this year. Thus, PKN ORLEN has expanded its retail presence into yet another market. With its stations in Poland, the Czech Republic, Germany, Lithuania and Slovakia, the ORLEN Group operates the largest retail network on Central and Eastern Europe’s fuel market.

ORLEN – 50 per cent of crude oil imported to Poland comes from countries other than Russia

Nearly half of the crude oil imported to Poland by PKN ORLEN already comes from outside Russia. This is an effect of the company’s efforts to diversify oil supplies and steadily develop business cooperation with suppliers from outside Europe, including Saudi Aramco Oil Company.

Tenth anniversary of PKN ORLEN’s strategic decision to invest in Lithuania

​The Mažeikiai refinery accounts for almost a third of all oil throughput at the ORLEN Group. Having put in place numerous optimisation and innovation measures, ORLEN Lietuva has thus emerged as one of the Group’s pillars. The acquisition of the Lithuanian refinery was a strategic decision that enabled the Group’s expansion into Baltic States and balanced the region’s energy security.

Letter of intent signed for cooperation between ORLEN Paliwa and PKP CARGO

​PKP CARGO and ORLEN Paliwa have declared their intention to cooperate closely based on the potential of both companies in transport, railway infrastructure and fuel logistics.

Launch of PKN ORLEN’s Investing Academy

​PKN ORLEN has just launched its Investing Academy project. Anyone who wants to broaden their knowledge about the capital market and safe investing on the stock exchange is welcome to join. Participants of the Investing Academy can be awarded a prestigious certificate with the CFA Society Poland name and logo. The project is run as part of ‘ORLEN in Your Portfolio’ – the first long-term programme in Poland dedicated to individual investors. So far, more than a thousand people have decided to enrol.

ORLEN strengthens ties with Saudi Aramco

​PKN ORLEN can import up to 800,000 tonnes of Saudi crude oil over six months under a contract signed with Saudi Aramco Products Trading Company, a subsidiary of the Saudi oil producer. The contract is an important step that guarantees stability of supply to ORLEN’s refineries in Europe. Under a separate commercial contract, the supplier from Saudi Arabia has committed to purchase heavy fuel oil from ORLEN Lietuva. With that latter contract in place, PKN ORLEN, acting through its Lithuanian-based subsidiary, is strenghtening its strategic relationship with Saudi Aramco also in the area of heavy fuel oil trade.

Engaged in continued diversification efforts, PKN ORLEN is reducing crude oil supplies from across Poland’s eastern border

In line with its policy to purchase the feedstock from a diverse supplier base, PKN ORLEN has reduced the volumes sourced from Rosneft Oil Company by approximately 30%, thereby markedly increasing its diversification capacity.

Solid results posted by PKN ORLEN for 2018, in line with market expectations

​In 2018, PKN ORLEN booked PLN 110bn in revenue, up 15% over the year before, on record crude throughput and sales volumes. LIFO-based EBITDA came in at PLN 8.3bn. In retail, LIFO-based earnings...

ORLEN Group service stations to open in Slovakia

​After Poland, the Czech Republic, Germany and Lithuania, the ORLEN Group will also open its service stations in Slovakia. The service station chain in Slovakia will operate under the Benzina brand, which had been present on the Slovak market for a few decades in the past.