PKN ORLEN Awarded the IT Leader Title

An independent jury, composed of industry experts, representatives of the editorial board of the Computerworld monthly and winners of the previous editions of the IT Leader award, named ORLEN as the best user of IT technologies in the industrial sector. One of the key criteria was the proven contribution of IT solutions to a firm’s market success. PKN ORLEN collected the award during the gala ceremony of the 14th edition of the ranking, which was held in Warsaw.

PKN ORLEN – Partner of the 20th Economic Forum in Krynica

During this year’s edition of the Forum, PKN ORLEN will host a panel discussion entitled “Strategic Implications and International Significance of Shale Gas Production in Poland”. The experts’ debate on the regional and international significance of the discovery of unconventional gas reserves in Poland will be held on September 9th, the second day of the Forum.

Upgrade of FITCH’s Outlook for ORLEN

Recognised ratings agency Fitch Ratings has upgraded PKN ORLEN’s financial standing, changing the Company’s outlook (BB+) from negative to stable. The upgrade reflects the Company’s consistent deleveraging efforts, improved cash flows as well as the favourable macroeconomic climate in the refining and petrochemicals segments.

Consolidated financial performance of PKN ORLEN in Q2 2010

In the second quarter of 2010 PKN ORLEN recorded its best operating result according to LIFO over the past year and a half, boosted its sales volumes and considerably improved production ratios. The company’s operating performance was very good and its net result was positive despite the złoty being considerably weaker compared to other currencies.

ORLEN Lietuva’s CEO Meets with Lithuanian Prime Minister Andrius Kubilius

Today, Lithuanian Prime Minister Andrius Kubilius met in Vilnius with Ireneusz Fąfara, CEO of ORLEN Lietuva. The purpose of the meeting was to provide an update on the Mazeikiu refinery’s situation and on PKN ORLEN’S plans regarding the future of that investment.

Reg. ORLEN Lietuva

The Management Board of PKN ORLEN has appointed a consultant to help work out a recommendation concerning the future of the company’s investment in Lithuania. So far PKN ORLEN was analyzing the situation of the Mazeikiai refinery internally. It will be the consultant’s task to verify the plausibility of various scenarios – from maintaining the current ownership status and adding to the Lithuanian company’s value, to scenarios in which some or all shares in the Lithuanian refinery are sold.

Construction of a power station for PKN ORLEN

PKN Orlen has started the process of gathering information on potential building contractors for the construction of a thermal power station in Włocławek. As of today, the Company is inviting potential contractors to confirm their intention to participate in the tender for the construction’s general contractor. It is predicted that the power station will be started during the first half of 2014.

Cashback at the PKN ORLEN petrol station network

Customers of the PKN ORLEN network will be able to obtain cash back (up to PLN200 ) using their debit card when filling up and shopping at the PKN ORLEN petrol stations. This transaction is rendered possible thanks to the introduction of an innovative cashback service available at all the petrol stations of the Company.

Perspectives of shale gas mining in Poland

ORLEN Upstream discusses perspectives of shale gas mining in Poland at the Global Shale Gas Summit 2010 conference in Warszawa.